Capital One Slashes Dividend by 75% to 10 Cents a Share
July 31 2020 - 5:40PM
Dow Jones News
By Maria Armental
Capital One Financial Corp. slashed its quarterly dividend by
75% to 10 cents a share, the company said Friday.
The new payout, down from the current 40 cents a share, will be
made on Aug. 20 to stockholders of record as of Aug. 10, Capital
One said.
In the second quarter of 2009, the company slashed the dividend
to 5 cents a share, from 37.5 cents a share.
Capital One has paid a dividend on its common stock every
quarter since it became an independent company in February
1995.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
July 31, 2020 17:25 ET (21:25 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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