Capital One Financial Corp. (COF) said Thursday that the Federal Reserve has completed its 2013 Comprehensive Capital Analysis and Review and did not object to the company's proposed capital distributions submitted on January 7 under CCAR.
Capital One's submission included a planned increase in the quarterly dividend on its common stock from the current level of $0.05 per share to $0.30 per share.
Consistent with the capital plan, Capital One expects to declare a quarterly dividend of $0.30 per share for the first quarter of 2013, subject to final approval of the Board of Directors at its scheduled meeting in May.
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