Capital One Finl's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Capital One Financial (NYSE:COF) has announced a quarterly dividend of 60 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 60 cents lower to reflect the payout. Shareholders who own COF as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on November 24, 2023.
November 07, 2023 | 2:45 pm
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Capital One's stock is expected to open lower on the ex-dividend date due to the dividend payout. However, this is a normal occurrence and does not reflect negatively on the company's performance.
The announcement of a dividend payout often leads to a decrease in the stock's price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. However, this is a standard practice and does not indicate any issues with the company's performance. Investors who own the stock prior to the ex-dividend date are eligible for the dividend.
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