Capital One Announces Quarterly Dividend

MCLEAN, Va.--(Business Wire)--
Capital One Financial Corporation (NYSE:COF) today announced a quarterly
dividend of $0.05 per share payable August 20, 2009 to stockholders of record as
of August 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 $116.7 billion in deposits and $146.3 billion in managed loans
outstanding as of June 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.

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

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