Capital One Expects to Maintain $0.05 Quarterly Dividend

Capital One Financial Corporation COF today announced it expects to maintain its current quarterly common stock dividend of $0.05 per share for the first quarter of 2011, subject to final approval by the Board of Directors in May.

The company also announced that it expects its Tier 1 Common Equity ratio to be approximately 8 percent and its Tangible Common Equity (TCE) ratio to be approximately 7.3 percent at the end of the first quarter of 2011.

The company continues to believe that its capital and expected capital trajectory are strong. The company expects its TCE ratio, which is unaffected by regulatory accounting, to rise to approximately 7.3 percent at the end of the first quarter of 2011, from 6.9 percent at the end of 2010 and from 5.5 percent at the end of the first quarter of 2010.