Capital One Financial Corporation (COF) to Distribute Quarterly Dividend of $0.80 on December 1st

Capital One Financial Corporation (NYSE:COF) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.80 per share by the financial services provider on Tuesday, December 1st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 16th.

Capital One Financial has increased its dividend payment by an average of 0.2% per year 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 $24.00 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 13.3%.

Capital One Financial Stock Down 1.2%

Shares of COF opened at $203.91 on Friday. Capital One Financial has a 12 month low of $174.24 and a 12 month high of $259.64. The firm’s 50 day moving average is $203.90 and its 200-day moving average is $201.06. The stock has a market capitalization of $122.66 billion, a PE ratio of 12.04, a P/E/G ratio of 0.94 and a beta of 1.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $1.16. The business had revenue of $16.31 billion during the quarter, compared to analysts’ expectations of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.95 earnings per share. Equities research analysts forecast that Capital One Financial will post 21.53 EPS for the current year.

Insider Activity

In other Capital One Financial news, insider Lia Dean sold 1,887 shares of the business’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $195.86, for a total transaction of $369,587.82. Following the sale, the insider owned 59,308 shares of the company’s stock, valued at approximately $11,616,064.88. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the transaction, the insider owned 27,992 shares of the company’s stock, valued at $6,102,815.84. This trade represents a 16.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 115,194 shares of company stock valued at $23,546,209. 0.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Capital One Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Compass Wealth Management LLC purchased a new stake in Capital One Financial during the third quarter valued at approximately $25,000. Torren Management LLC lifted its position in shares of Capital One Financial by 114.8% in the third quarter. Torren Management LLC now owns 131 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 70 shares in the last quarter. Solstein Capital LLC bought a new position in Capital One Financial in the 2nd quarter worth approximately $26,000. Ballast Advisors LLC purchased a new position in Capital One Financial during the first quarter valued at $27,000. Finally, Gilpin Wealth Management LLC bought a new stake in shares of Capital One Financial in the third quarter worth about $27,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.