Capital One Increases Its Dividend Back to Pre-COVID Levels

Bank and credit card company Capital One Financial (NYSE: COF) has raised its quarterly dividend 300% to $0.40 per share for the first quarter, payable March 1.

The increase, announced yesterday, bumps the dividend back to where it was before the pandemic hit. Capital One lowered the quarterly dividend to $0.10 for the second and third quarters of 2020 as the company was saddled with net losses in the first and second quarters. The losses were the result of lower consumer spending and a high provision to cover anticipated credit losses.

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Source Fool.com