Capital One Financial Co. (COF) to Issue Quarterly Dividend of $0.60 on August 23rd

Capital One Financial Co. (NYSE:COF) announced a quarterly dividend on Wednesday, July 31st, RTT News reports. Shareholders of record on Monday, August 12th will be paid a dividend of 0.60 per share by the financial services provider on Friday, August 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Monday, August 12th.

Capital One Financial has raised its dividend by an average of 33.9% per year over the last three years. Capital One Financial has a dividend payout ratio of 15.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Capital One Financial to earn $15.89 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 15.1%.

Capital One Financial Trading Down 5.0 %

NYSE:COF opened at $143.90 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average is $140.12 and its two-hundred day moving average is $139.32. Capital One Financial has a 52 week low of $88.23 and a 52 week high of $153.35. The company has a market cap of $54.71 billion, a PE ratio of 11.27, a P/E/G ratio of 1.19 and a beta of 1.45.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.14). The company had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted $3.52 EPS. On average, analysts predict that Capital One Financial will post 13.17 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on COF shares. BTIG Research started coverage on Capital One Financial in a research report on Friday, June 7th. They issued a “neutral” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. Wells Fargo & Company lifted their price target on Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Finally, Wolfe Research upgraded Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target on the stock in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Capital One Financial has an average rating of “Hold” and an average target price of $145.89.

Insider Transactions at Capital One Financial

In other news, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Celia Karam sold 16,913 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the transaction, the insider now owns 47,081 shares in the company, valued at $6,726,933.28. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

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.