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

Capital One Financial Co. (NYSE:COF) announced a quarterly dividend on Thursday, May 2nd, RTT News reports. Investors of record on Monday, May 13th will be given a dividend of 0.60 per share by the financial services provider on Friday, May 24th. This represents a $2.40 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, May 10th.

Capital One Financial has increased its dividend payment by an average of 33.9% per year over the last three years. Capital One Financial has a dividend payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Capital One Financial to earn $16.32 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 14.7%.

Capital One Financial Price Performance

COF opened at $142.51 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. The firm has a market cap of $54.18 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.03 and a beta of 1.46. The stock’s 50-day moving average price is $141.46 and its 200 day moving average price is $128.71. Capital One Financial has a 12-month low of $85.22 and a 12-month high of $149.94.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.21 EPS for the quarter, missing the consensus estimate of $3.25 by ($0.04). The business had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.31 EPS. As a group, sell-side analysts expect that Capital One Financial will post 13.7 earnings per share for the current year.

Insiders Place Their Bets

In other Capital One Financial news, insider Timothy P. Golden sold 8,656 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the transaction, the insider now directly owns 10,246 shares in the company, valued at $1,475,833.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on COF. Deutsche Bank Aktiengesellschaft started coverage on shares of Capital One Financial in a research note on Wednesday, January 10th. They set a “hold” rating and a $153.00 target price for the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $159.00 price target on shares of Capital One Financial in a research note on Wednesday, March 27th. Wells Fargo & Company raised their price objective on Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Citigroup increased their price objective on Capital One Financial from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, Piper Sandler increased their price target on shares of Capital One Financial from $126.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $138.50.

About Capital One Financial

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.