Capital One Financial Co. (NYSE:COF) to Issue Quarterly Dividend of $0.60

Capital One Financial Co. (NYSE:COF) announced a quarterly dividend on Monday, November 4th, RTT News reports. Stockholders of record on Thursday, November 14th will be paid a dividend of 0.60 per share by the financial services provider on Friday, November 22nd. This represents a $2.40 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, November 14th.

Capital One Financial has increased its dividend by an average of 33.9% annually over the last three years. Capital One Financial has a dividend payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Capital One Financial to earn $15.71 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 15.3%.

Capital One Financial Stock Performance

Capital One Financial stock opened at $166.04 on Wednesday. The firm has a market capitalization of $63.35 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.24 and a beta of 1.43. Capital One Financial has a one year low of $102.63 and a one year high of $167.93. The stock’s 50 day moving average price is $150.99 and its 200 day moving average price is $144.10. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same period in the prior year, the firm earned $4.45 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts expect that Capital One Financial will post 13.17 EPS for the current fiscal year.

Analyst Ratings Changes

COF has been the subject of a number of analyst reports. Royal Bank of Canada increased their price target on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Robert W. Baird lifted their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Evercore ISI increased their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Bank of America boosted their price objective on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Barclays increased their target price on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $156.35.

Insider Activity

In related news, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at $7,153,760. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Capital One Financial Company Profile

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.