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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Capital One Financial Corporation | NYSE:COF | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 144.61 | 24 | 09:10:35 |
By Colin Kellaher
Capital One Financial Corp. (COF) on Friday said it will redeem all 35 million shares of its Series B fixed-rate non-cumulative perpetual preferred stock on March 2.
The McLean, Va., financial holding company said it will redeem its Series B depositary shares, which each represent a 1/40th interest in a preferred share, at $25 apiece, equivalent to $1,000 per preferred share.
Capital One said it will pay $15 regular dividends on the preferred shares separately on the redemption date, adding that the redemption price won't include any accrued and unpaid dividends.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 31, 2020 09:05 ET (14:05 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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