Capital One Announces Quarterly Dividend

MCLEAN, Va., Oct 29, 2009 (BUSINESS WIRE) -- Capital One Financial Corporation (NYSE: COF) today announced a quarterly dividend of $0.05 per share payable November 20, 2009 to stockholders of record as of November 11, 2009. The company has announced dividends 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).

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 $114.5 billion in deposits and $209.7 billion in total managed assets outstanding as of September 30, 2009. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients. 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.

SOURCE: Capital One Financial Corporation CONTACT: Capital One Financial Corporation Julie Rakes 804-284-5800 [e-mail] Copyright Business Wire 2009 -0- KEYWORD: United States

North America

District of Columbia

New York

Virginia INDUSTRY KEYWORD: Professional Services

Banking

Finance SUBJECT CODE: Dividend