Capital One Financial Corporation (NYSE:COF) Plans $0.80 Quarterly Dividend

Capital One Financial Corporation (NYSE:COF) declared a quarterly dividend on Friday, May 8th. Investors of record on Tuesday, May 19th will be given a dividend of 0.80 per share by the financial services provider on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th.

Capital One Financial has increased its dividend payment by an average of 0.2%annually over the last three years. Capital One Financial has a payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Capital One Financial to earn $23.70 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 13.5%.

Capital One Financial Stock Performance

NYSE COF opened at $187.19 on Friday. The stock has a market capitalization of $116.48 billion, a price-to-earnings ratio of 65.68, a PEG ratio of 0.68 and a beta of 1.05. Capital One Financial has a twelve month low of $174.98 and a twelve month high of $259.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $188.41 and a 200 day moving average of $211.67.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The firm had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. During the same period in the previous year, the company earned $4.06 EPS. Capital One Financial’s revenue was up 52.3% compared to the same quarter last year. Sell-side analysts anticipate that Capital One Financial will post 19.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Jefferies Financial Group reissued a “buy” rating and set a $300.00 target price on shares of Capital One Financial in a report on Monday, March 16th. Evercore reduced their target price on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a report on Monday, April 6th. Royal Bank Of Canada reduced their target price on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a report on Friday, April 10th. JPMorgan Chase & Co. increased their target price on Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Finally, Wolfe Research reduced their target price on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $257.52.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.