The board of directors of Capital One Financial (NYSE: COF) has declared the company's latest quarterly dividend on its common stock. The financial services company will hand out $0.40 per share on May 21 to shareholders of record as of May 11. At Thursday's closing stock price, that payout yields 2.5% annually.
In its press release announcing the move, Capital One pointed out that it has distributed common stock dividends every quarter since it became an independent entity in early 1995. The company has not, however, been particularly dynamic about it lately. The dividend has been that same $0.40 per share since the beginning of 2015. That being said, over the longer term, the dividend has risen from less than $0.03 per share originally to its current level.
Image source: Capital One Financial.