Item 8.01 Other Events.
OnJanuary 26, 2023 , the Board of Directors ofCapital One Financial Corporation (the "Company") declared a quarterly common stock dividend of$0.60 per share. The dividend is payable onFebruary 17, 2023 to stockholders of record at the close of business onFebruary 6, 2023 . Based on this declaration, the Company will pay approximately$235 million in common stock cash dividends during the first quarter of 2023. The total amount to be paid is dependent on the number of shares outstanding as ofFebruary 6, 2023 . The Board of Directors also declared quarterly dividends on the Company's 5.00% fixed rate non-cumulative perpetual preferred stock, Series I, the Company's 4.80% fixed rate non-cumulative perpetual preferred stock, Series J, the Company's 4.625% fixed rate non-cumulative perpetual preferred stock, Series K, the Company's 4.375% fixed rate non-cumulative perpetual preferred stock, Series L, and the Company's 4.25% fixed rate non-cumulative perpetual preferred stock, Series N, as well as quarterly dividends on the Company's fixed rate reset non-cumulative perpetual preferred stock, Series M. These dividends are payable onMarch 1, 2023 to stockholders of record at the close of business onFebruary 14, 2023 . Based on these declarations, the Company will pay approximately$57 million in total preferred stock cash dividends in the first quarter of 2023. Under the terms of the Company's outstanding preferred stock, the Company's ability to pay dividends on, make distributions with respect to, or to repurchase, redeem or acquire its common stock or any preferred stock ranking on parity with or junior to the preferred stock, is subject to restrictions in the event that the Company does not declare and either pay or set aside a sum sufficient for payment of dividends on the preferred stock for the immediately preceding dividend period.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL 1
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