MCLEAN, Virginia – Capital one Financial Corporation (NYSE:) has declared dividends on both common stock and various series of preferred stock. The Company, a mainstay in the financial sector, will pay a quarterly dividend of $0.60 per common share on November 22, 2024 to shareholders of record as of November 14, 2024.

This statement continues Capital One's history of quarterly dividends since its independence in 1995. Shareholders have the option to reinvest these dividends directly into the Company's common stock through the Dividend Reinvestment and Stock Purchase Plan.

In addition, Capital One has declared dividends on its preferred stock. Holders of the 5.00 percent fixed rate non-cumulative perpetual preferred stock, Series I, will receive a dividend of $12.50 per share, or $0.3125 per depository share, on December 2, 2024. The same payment date applies to the dividends declared for the series J, K, L, M and N preferred shares with different interest rates and corresponding values ​​of the deposit shares. All shareholders registered until November 14, 2024 are eligible for these dividends.

Series J preferred stock receives a dividend of $12.00 per share ($0.30 per depository share), Series K receives a dividend of $11.5625 per share ($0.2890625 per depository share), Series L 10, $9375 per share ($0.2734375 per depository share) and Series M at $9.875 per share and Series N at $10.625 per share ($0.265625 per depository share).

Headquartered in McLean, Virginia, Capital One is a diversified financial company with $353.6 billion in deposits and $486.4 billion in total assets as of September 30, 2024. The Company serves consumers, small businesses and commercial customers with a range of financial products and services, operating branches and cafes in multiple states and the District of Columbia. As a Fortune 500 company, Capital One is a component of the S&P 100 index.

Dividend information is based on a press release from Capital One Financial Corporation.

In other recent news, Capital One Financial Corp. at the center of significant developments. The financial institution recently reported a robust third quarter for 2024 with net income of $1.8 billion and a 5% increase in revenue, primarily driven by higher net interest income. At the same time, Capital One is in the process of seeking regulatory approvals for its proposed $35.3 billion acquisition of Discover Financial Services (NYSE:), a move that will significantly transform the payments industry.

However, this proposed merger is currently being reviewed by New York Attorney General Letitia James for possible violations of New York antitrust laws. The merger, which could create the largest credit card issuer in the United States, also faces lawsuits from customers who argue it would reduce competition and increase consumer costs.

Additionally, Capital One has indicated that the company may face enforcement action by the Consumer Financial Protection Bureau (CFPB) due to allegations of misrepresentations in its savings accounts. This issue stems from a lawsuit filed by customers last year. Despite these challenges, Citi has maintained its Buy rating on Capital One, reflecting the company's continued confidence in Capital One's financial outlook and strategic initiatives.

Investing Pro Insights

Capital One Financial Corporation's recent dividend announcement is consistent with its strong financial position and commitment to shareholder returns. According to InvestingPro's data, the company has a market cap of $62.53 billion and a P/E ratio of 15.48, indicating a fair valuation relative to its earnings.

An InvestingPro Tip highlights that Capital One has paid dividends for 30 consecutive years, underscoring its reliability as an income-generating investment. This consistency is particularly notable given the company's current dividend yield of 1.46%, as InvestingPro reports.

The financial services giant has delivered a robust performance. InvestingPro's data shows a remarkable total price return of 57.1% over the past year. This strong performance is further supported by another InvestingPro tip, which indicates that Capital One is trading near its 52-week high and the current price is 97.6% of that high.

For investors seeking more comprehensive insights, InvestingPro offers additional tips and metrics that could provide a deeper understanding of Capital One's financial health and market position. There are currently six additional InvestingPro picks available for Capital One that provide a more comprehensive look at the company's prospects and potential.

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