Capital One Keeps Dividend Steady
Capital One Financial has elected not to veer from its existing dividend policy. The company declared a quarterly distribution of $0.30 per share, to be paid on August 15 to shareholders of record as of August 5. That amount matches the firm's previous distribution, which was paid in May. Prior to that, Capital One handed out a much lower $0.05 per share.
In the press release announcing the news, the company did not shy away from mentioning that it has declared payouts every quarter since becoming an independent company in early 1995.
The just-declared dividend annualizes to $1.20 per share. That yields 1.7% at Capital One's most recent closing stock price of $68.72.
The article Capital One Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Capital One Financial. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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