Capital One Financial Corporation (NYSE:COF) Announces Dividend Increase – $0.80 Per Share

Capital One Financial Corporation (NYSE:COF) announced a quarterly dividend on Tuesday, November 4th. Shareholders of record on Monday, November 17th will be paid a dividend of 0.80 per share by the financial services provider on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, November 17th. This is a 33.3% increase from Capital One Financial’s previous quarterly dividend of $0.60.

Capital One Financial has increased its dividend payment by an average of 0.1%annually over the last three years. Capital One Financial has a payout ratio of 12.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Capital One Financial to earn $18.17 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 13.2%.

Capital One Financial Stock Performance

Shares of COF traded up $0.71 during mid-day trading on Wednesday, reaching $221.39. 123,567 shares of the company’s stock were exchanged, compared to its average volume of 4,171,068. The business’s fifty day simple moving average is $219.75 and its 200-day simple moving average is $208.93. The stock has a market capitalization of $141.58 billion, a PE ratio of 93.36, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18. Capital One Financial has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. During the same quarter in the prior year, the business earned $4.51 EPS. Capital One Financial’s quarterly revenue was up 53.4% compared to the same quarter last year. On average, equities research analysts expect that Capital One Financial will post 15.65 earnings per share for the current year.

Insiders Place Their Bets

In other Capital One Financial news, CEO Richard D. Fairbank sold 103,486 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $225.68, for a total transaction of $23,354,720.48. Following the sale, the chief executive officer owned 4,051,228 shares in the company, valued at $914,281,135.04. This represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the transaction, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 111,155 shares of company stock worth $24,998,080 in the last three months. 1.26% of the stock is owned by insiders.

Hedge Funds Weigh In On Capital One Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of COF. WPG Advisers LLC acquired a new stake in Capital One Financial in the first quarter worth $25,000. Moisand Fitzgerald Tamayo LLC lifted its position in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares during the last quarter. Olistico Wealth LLC grew its position in Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares during the last quarter. Saudi Central Bank acquired a new stake in shares of Capital One Financial in the first quarter valued at approximately $27,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Capital One Financial during the second quarter worth approximately $27,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

About Capital One Financial

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.