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Capital One Receives No Objection From the Federal Reserve to Raise Common Stock Dividend

  Capital One Receives No Objection From the Federal Reserve to Raise Common
                                Stock Dividend

Capital One expects to increase quarterly dividend to $0.30 per share

PR Newswire

MCLEAN, Va., March 14, 2013

MCLEAN, Va., March 14, 2013 /PRNewswire/ -- Capital One Financial Corporation
(NYSE: COF) today announced that the Federal Reserve has completed its 2013
Comprehensive Capital Analysis and Review ("CCAR") and did not object to
Capital One's proposed capital distributions submitted on January 7, 2013
under CCAR. Capital One's submission included a planned increase in the
quarterly dividend on its common stock from the current level of $0.05 per
share to $0.30 per share. Consistent with the capital plan, Capital One
expects to declare a quarterly dividend of $0.30 per share for the first
quarter of 2013, subject to final approval of the Board of Directors at its
scheduled meeting in May.

Forward Looking Statements

Certain statements in this release are forward-looking statements, which
involve a number of risks and uncertainties. Capital One cautions readers that
any forward-looking information is not a guarantee of future performance and
that actual results could differ materially from those contained in the
forward-looking information due to a number of factors, including those listed
from time to time in reports that Capital One reports files with the
Securities and Exchange Commission, including, but not limited to, the Annual
Report on Form 10-K for the year ended December 31, 2012.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding
company whose subsidiaries, which include Capital One, N.A., and Capital One
Bank (USA), N. A., had $212.5 billion in deposits and $312.9 billion in total
assets outstanding as of December 31, 2012. Headquartered in McLean, Virginia,
Capital One offers 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 more than 900 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.

SOURCE Capital One Financial Corporation

Website: https://www.capitalone.com
Contact: Tatiana Stead, +1-703-720-2352, Tatiana.Stead@capitalone.com, or
Julie Rakes, +1-804-284-5800, Julie.Rakes@capitalone.com
 
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