Capital One Financial Corp. (NYSE:COF) announced a quarterly dividend on Thursday, May 2nd, RTT News reports. Investors of record on Monday, May 13th will be given a dividend of 0.40 per share by the financial services provider on Thursday, May 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 1.71%.
Capital One Financial has increased its dividend payment by an average of 2.2% per year over the last three years. Capital One Financial has a dividend payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Capital One Financial to earn $12.02 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 13.3%.
NYSE COF traded up $0.38 during trading hours on Friday, reaching $93.30. 4,507 shares of the company’s stock were exchanged, compared to its average volume of 2,599,301. Capital One Financial has a one year low of $69.90 and a one year high of $101.26. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a market cap of $43.45 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 0.93 and a beta of 1.30.
In other news, insider Kleber Santos sold 3,570 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $82.49, for a total value of $294,489.30. Following the completion of the sale, the insider now owns 19,454 shares of the company’s stock, valued at approximately $1,604,760.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.43% of the company’s stock.
Several brokerages have recently weighed in on COF. ValuEngine raised shares of Capital One Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Royal Bank of Canada began coverage on shares of Capital One Financial in a research note on Friday. They set a “sector perform” rating and a $98.00 price target for the company. Zacks Investment Research cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. William Blair reaffirmed a “market perform” rating on shares of Capital One Financial in a research note on Wednesday, January 16th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Capital One Financial in a research note on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. Capital One Financial currently has an average rating of “Buy” and a consensus price target of $103.69.
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Capital One Financial Company Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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