Business Context and Reporting Period
This Form 8-K Current Report was filed by Capital One Financial Corporation on November 3, 2022. The report details corporate actions taken by the Board of Directors regarding dividend declarations for the fourth quarter of 2022.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. It specifically discloses the following dividend-related cash outflows:
- Common Stock Dividend: $0.60 per share, totaling approximately $232 million for the fourth quarter of 2022.
- Preferred Stock Dividends: Declared for Series I, J, K, L, N, and M, totaling approximately $57 million for the fourth quarter of 2022.
- Total Dividend Payout: Approximately $289 million in combined common and preferred dividends for the quarter.
Material Changes
This filing reports a specific corporate event (dividend declaration) rather than a material change in financial performance compared to a prior period. No comparative financial data is included in this document.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors declared the dividends to be paid in late November and early December 2022.
Risks and Contingencies: The filing notes that the Company's ability to pay common dividends or repurchase common stock is subject to restrictions if dividends on preferred stock are not declared and paid or set aside for the immediately preceding period.
Investor Verification Checklist
- Verify the exact number of shares outstanding as of the record date (November 14, 2022) to confirm the final common dividend payout amount.
- Confirm the payment dates: November 25, 2022, for common stock and December 1, 2022, for preferred stock.
- Review the specific dividend rates for each preferred stock series (Series I through N) to ensure alignment with the declared amounts.