Capital One Financial (COF) Maintains Dividend and Approves $2.5B Buyback

Capital One Financial Corporation (NYSE: COF) today announced that the Federal Reserve has completed its 2016 Comprehensive Capital Analysis and Review ("CCAR") and did not object to Capital One's proposed capital plan. The company expects to maintain its quarterly dividend of $0.40 per share, subject to approval by its Board of Directors. In addition, the company's Board of Directors has authorized the repurchase of up to $2.5 billion of shares of the company's common stock beginning in the third quarter of 2016 through the end of the second quarter of 2017.

The timing and exact amount of any Capital One common stock repurchases will depend on various factors, including market conditions, opportunities for growth, and the company's capital position and amount of retained earnings. Capital One's share repurchase program does not include specific price targets, may be executed through open market purchases or privately negotiated transactions, including utilizing Rule 10b5-1 programs, and may be suspended at any time.

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