Capital One Financial As of September 23, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
COF $2.40 0.0% 500.0% -75.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Consumer Finance 2.6% N/A N/A Quarter N/A
Capital One Financial cuts dividend by 75%

Capital One Financial Corporation (COF) cut its quarterly dividend by 75.0 percent to $0.10 per share in 2020. The last dividend hike was announced by the company in 2015, when the quarterly payment was boosted by a third to 40 cents per share.

The next dividend is payable August 20, 2020, to stockholders of record as of August 10, 2020. A new annual dividend rate of 40 cents per share yields 0.6% at a stock price of $65.47. In its press release the company does not provide further comment on this dividend cut.

It is not the first time that Capital One Financial Corporation announced a big dividend cut because back in 2009 during the financial crisis, the company lowered its payment to shareholders by 86.7 percent. This was followed by a 500 percent hike in 2013 and a 33.3 percent increase in 2015. Capital One Financial Corporation did not announce a dividend hike in the past four years.

Today's dividend cut will save the company a substantial amount of cash with the annual dividend payment to shareholders dropping from $724 million to $182 million. The company has a market cap of $30.5 billion with the stock price losing 36.4 percent year-to-date.

Capital One Financial Corporation is a financial holding company whose subsidiaries include Capital One, N.A., and Capital One Bank (USA), N.A.. The company, headquartered in McLean, Virginia,  offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches located primarily in New York, Louisiana, Texas, Maryland, Virginia, New Jersey and the District of Columbia. Capital One Financial Corporation has paid a dividend to shareholders every year since 1995.

Dividend Calendar

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Ex-date Ticker Yield YTD hike
Sep 30 PKG 4.4% 0.0%
Sep 30 O 4.8% 0.6%
Sep 30 STT 4.0% 10.5%
Sep 30 RJF 1.3% 0.0%
Sep 30 CAH 3.0% 1.0%
Sep 30 VTR 4.1% 0.0%
Sep 30 APD 2.8% 8.0%
Sep 30 RSG 1.3% 0.0%
Oct 03 A 0.7% 0.0%
Oct 03 DG 0.9% 31.0%