Capital One Announces Quarterly Dividend

  Capital One Announces Quarterly Dividend

                Company also declares preferred stock dividend

Business Wire

MCLEAN, Va. -- October 30, 2012

Capital One Financial Corporation (NYSE: COF) today announced a quarterly
dividend of $0.05 per share payable November 19, 2012 to stockholders of
record as of November 9, 2012. The company has announced dividends on its
common stock every quarter since it became an independent company on February
28, 1995. Dividends declared by the company are eligible for direct
reinvestment in the company's common stock under its Dividend Reinvestment and
Stock Purchase Plan. For additional Plan information, stockholders should
contact Computershare Trust Company, N.A., at 1-888-985-2057 (inside the U.S.
and Canada) or 1-781-575-2725 (outside the U.S. and Canada).

The company also declared a quarterly dividend on the outstanding shares of
its 6.00% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (the
"Series B Preferred Stock"). Each outstanding share of the Series B Preferred
Stock is represented by depositary shares, each representing a 1/40th interest
in a share of Series B Preferred Stock. The dividend of $16.83 per share
(equivalent to $0.42075 per outstanding depositary share) will be paid on
December 3, 2012 to stockholders of record at the close of business on
November 15, 2012.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding
company whose subsidiaries, which include Capital One, N.A., Capital One Bank
(USA), N. A., and ING Bank, fsb, had $213.3 billion in deposits and $302.0
billion in total assets outstanding as of September 30, 2012. Headquartered in
McLean, Virginia, Capital One and ING Direct offer a broad spectrum of
financial products and services to consumers, small businesses and commercial
clients through a variety of channels. Capital One, N.A. has approximately
1,000 branch locations primarily in New York, New Jersey, Texas, Louisiana,
Maryland, Virginia and the District of Columbia. A Fortune 500 company,
Capital One trades on the New York Stock Exchange under the symbol "COF" and
is included in the S&P 100 index.

Contact:

Capital One Financial Corporation
Julie Rakes, 804-284-5800
julie.rakes@capitalone.com
 
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