Capital One Financial Corp. Announces Quarterly Dividend of $0.40 (COF)

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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.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, April 25th. The financial services provider reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.22. Capital One Financial had a return on equity of 10.95% and a net margin of 18.47%. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same period in the prior year, the business earned $2.62 EPS. Capital One Financial’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts predict that Capital One Financial will post 11.08 EPS for the current year.

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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Dividend History for Capital One Financial (NYSE:COF)

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