Capital One Plans to Restore Normal Dividend
Pending board approval, Capital One (NYSE: COF) expects to return to its normal quarterly dividend of $0.40 per common share in the first quarter, management announced during the company's recent earnings call.
The news ultimately sent Capital One shares 2.8% higher on Wednesday during an extremely difficult day for the overall market.
In July of last year, Capital One announced that it would cut its dividend by 75% to $0.10 per share, the company's first dividend cut since 2009.
Source Fool.com
