Capital One Financial Corporation (NYSE:COF) Shares Will Pay Quarterly Dividend of $0.80

Capital One Financial Corporation (NYSE:COF) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Monday, November 16th will be given a dividend of $0.80 per share by the financial services provider on Tuesday, December 1st. This represents a $3.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, November 16th.

Capital One Financial has raised its dividend payment 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 $24.00 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 13.3%.

Capital One Financial Stock Performance

Capital One Financial stock opened at $206.41 on Thursday. Capital One Financial has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average is $204.17 and its 200 day moving average is $201.23. The company has a market capitalization of $126.63 billion, a P/E ratio of 12.18, a PEG ratio of 0.95 and a beta of 1.10.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.53 by $1.16. The firm had revenue of $16.31 billion during the quarter, compared to analyst estimates of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. Capital One Financial’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.95 EPS. On average, equities research analysts predict that Capital One Financial will post 21.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on COF. Evercore restated an “outperform” rating and set a $230.00 price objective on shares of Capital One Financial in a research note on Tuesday, October 27th. UBS Group dropped their target price on shares of Capital One Financial from $280.00 to $274.00 and set a “buy” rating on the stock in a research note on Monday. Piper Sandler upped their target price on shares of Capital One Financial from $260.00 to $269.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. Finally, Morgan Stanley decreased their price target on Capital One Financial from $273.00 to $267.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $256.50.

About Capital One Financial

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.