Capital One Financial Corporation Plans Quarterly Dividend of $0.40 (COF)
Capital One Financial Corporation (NYSE:COF) declared a quarterly dividend on Thursday, November 2nd, RTT News reports. Shareholders of record on Monday, November 13th will be paid a dividend of 0.40 per share by the financial services provider on Friday, November 24th. This represents a $1.60 dividend on an annualized basis and a yield of 1.74%.
Capital One Financial Corporation has increased its dividend payment by an average of 19.0% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Capital One Financial Corporation has a payout ratio of 20.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Capital One Financial Corporation to earn $8.44 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 19.0%.
Capital One Financial Corporation (NYSE:COF) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.27. Capital One Financial Corporation had a net margin of 13.34% and a return on equity of 8.25%. The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the previous year, the company posted $2.03 EPS. Capital One Financial Corporation’s revenue was up 8.1% on a year-over-year basis.
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Several research analysts recently weighed in on the stock. Barclays PLC restated an “overweight” rating and issued a $105.00 price objective on shares of Capital One Financial Corporation in a research report on Saturday, July 22nd. Oppenheimer Holdings, Inc. set a $82.00 price objective on shares of Capital One Financial Corporation and gave the stock a “sell” rating in a research report on Tuesday, July 11th. BidaskClub cut shares of Capital One Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Compass Point assumed coverage on shares of Capital One Financial Corporation in a research report on Thursday, August 10th. They issued a “neutral” rating and a $90.00 price objective for the company. Finally, BMO Capital Markets boosted their price objective on shares of Capital One Financial Corporation from $116.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Capital One Financial Corporation has a consensus rating of “Hold” and an average target price of $95.00.
In related news, Director Mayo A. Shattuck III sold 24,167 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $92.71, for a total value of $2,240,522.57. Following the completion of the transaction, the director now directly owns 59,613 shares of the company’s stock, valued at approximately $5,526,721.23. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ann F. Hackett sold 11,055 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $91.18, for a total transaction of $1,007,994.90. Following the completion of the transaction, the director now directly owns 69,066 shares of the company’s stock, valued at $6,297,437.88. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by corporate insiders.
Capital One Financial Corporation Company Profile
Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.
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