Capital One Financial Co. (COF) to Issue Quarterly Dividend of $0.60 on March 3rd

Capital One Financial Co. (NYSE:COF) announced a quarterly dividend on Friday, February 7th,RTT News reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.60 per share by the financial services provider on Monday, March 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, February 18th.

Capital One Financial has increased its dividend by an average of 6.3% annually over the last three years. Capital One Financial has a dividend payout ratio of 13.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Capital One Financial to earn $18.40 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 13.0%.

Capital One Financial Price Performance

Shares of COF stock opened at $202.25 on Friday. The stock has a 50-day moving average price of $189.51 and a 200 day moving average price of $168.35. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market cap of $77.10 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.26 and a beta of 1.47. Capital One Financial has a 12 month low of $128.23 and a 12 month high of $208.63.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The firm had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $2.81 earnings per share. Research analysts expect that Capital One Financial will post 15.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on COF shares. Argus upgraded Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada boosted their target price on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Bank of America lowered Capital One Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $203.00 to $200.00 in a research report on Monday, December 9th. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price for the company in a research report on Tuesday, January 14th. Finally, Truist Financial boosted their target price on Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus price target of $196.31.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.