Capital One Financial Corporation today announced a quarterly dividend of $.08 per share payable May 21, 1998 to stockholders of record as of May 7, 1998. This is the Company’s thirteenth consecutive quarterly dividend since it became independent on February 28, 1995. Dividends declared by the Company are eligible for direct reinvestment in the Company’s common stock under its Dividend Reinvestment and Stock Purchase Plan. For additional plan information, stockholders should contact First Chicago Trust Company of New York at 800-446-2617.
The dividend declaration followed the Company’s fourth annual stockholders’ meeting. During the annual meeting, stockholders elected Nigel W. Morris and W. Ronald Dietz to serve three-year terms on the Board of Directors. Mr. Morris is President and Chief Operating Officer of the Company. Mr. Dietz is Chief Executive Officer of TARP, of Arlington, Virginia, and President of Charter Associates, Ltd. Both Messrs. Morris and Dietz have been Directors of the Company since February 28, 1995. In other business, stockholders approved an amendment to the 1994 Stock Incentive Plan and re-appointed Ernst & Young LLP as independent auditors.
Headquartered in Falls Church, Virginia, Capital One Financial Corporation () is a financial services company whose principal subsidiaries, Capital One Bank, and Capital One, F.S.B., offer financial products and services to consumers. Capital One collectively had 12.7 million customers and $14.0 billion in managed loans outstanding as of March 31, 1998, and is one of the largest providers of MasterCard and Visa credit cards in the world.