Capital One Financial Co. (NYSE:COF) Plans $0.60 Quarterly Dividend

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 paid 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 1.69%. The ex-dividend date is Friday, May 10th.

Capital One Financial has raised its dividend payment by an average of 33.9% annually over the last three years. Capital One Financial has a payout ratio of 15.1% meaning 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 Stock Up 0.4 %

NYSE:COF opened at $142.41 on Friday. Capital One Financial has a 1 year low of $83.93 and a 1 year high of $149.94. The stock has a 50-day moving average price of $141.03 and a two-hundred day moving average price of $127.24. The stock has a market cap of $54.14 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 1.02 and a beta of 1.46. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86.

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

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Timothy P. Golden sold 8,656 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the completion of the transaction, the insider now owns 10,246 shares of the company’s stock, valued at $1,475,833.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on COF shares. Wolfe Research upgraded shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective for the company in a research report on Thursday, April 4th. Royal Bank of Canada raised their target price on Capital One Financial from $142.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. UBS Group upped their target price on Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Finally, BMO Capital Markets raised their price target on shares of Capital One Financial from $124.00 to $125.00 and gave the stock a “market perform” rating in a report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Hold” and a consensus target price of $138.50.

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.