Capital One Financial Corporation to Issue Quarterly Dividend of $0.80 (NYSE:COF)

Capital One Financial Corporation (NYSE:COF) declared 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 payment by an average of 0.2%annually over the last three years. Capital One Financial has a payout ratio of 17.2% indicating that 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%

Capital One Financial stock opened at $187.19 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50-day simple moving average is $188.41 and its two-hundred day simple moving average is $211.67. The company has a market cap of $116.48 billion, a PE ratio of 65.68, a PEG ratio of 0.68 and a beta of 1.05. Capital One Financial has a fifty-two week low of $174.98 and a fifty-two week high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate of $5.08 by ($0.66). The firm had revenue of $15.23 billion for 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 revenue for the quarter was up 52.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.06 EPS. Equities analysts anticipate that Capital One Financial will post 19.17 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. UBS Group dropped their price target on Capital One Financial from $283.00 to $270.00 in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research note on Friday, March 27th. Truist Financial dropped their price target on Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Morgan Stanley dropped their price target on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Eighteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus 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.