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

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

Capital One Financial has raised its dividend by an average of 0.2%annually over the last three years. Capital One Financial has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Research 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 Up 0.8%

Shares of COF opened at $187.19 on Friday. The firm has a market cap of $116.48 billion, a P/E ratio of 65.68, a price-to-earnings-growth ratio of 0.68 and a beta of 1.05. Capital One Financial has a 12-month low of $174.98 and a 12-month high of $259.64. The company’s 50-day moving average price is $188.41 and its 200 day moving average price is $211.67. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.08 by ($0.66). The company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The firm’s quarterly revenue was up 52.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.06 earnings per share. On average, sell-side analysts forecast that Capital One Financial will post 19.17 earnings per share for the current year.

Analyst Ratings Changes

COF has been the topic of several research analyst reports. BTIG Research restated a “buy” rating and issued a $224.00 price objective on shares of Capital One Financial in a report on Wednesday, April 22nd. Barclays boosted their price objective on shares of Capital One Financial from $226.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Wells Fargo & Company dropped their target price on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Truist Financial dropped their target price on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, UBS Group dropped their target price on Capital One Financial from $283.00 to $270.00 in a research report on Wednesday, May 6th. Eighteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently 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.