FALLS CHURCH, Va., Oct. 18 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) today announced a quarterly dividend of 2 2/3 cents per share payable November 20, 2001 to stockholders of record as of November 7, 2001. This is the company's twenty-seventh consecutive quarterly dividend 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 First Chicago Trust Company, a division of Equiserve, at 800-446-2617.

Headquartered in Falls Church, Virginia, Capital One Financial Corporation (http://www.CapitalOne.com ) is a holding company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending products. Capital One's subsidiaries collectively had 40.1 million customers and $38.5 billion in managed loans outstanding as of September 30, 2001. Capital One, a Fortune 500 company, is one of the largest providers of MasterCard and Visa credit cards in the world. Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 index.

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SOURCE Capital One Financial Corporation

CONTACT: Paul Paquin, V.P., Investor Relations, +1-703-205-1039; or Tatiana Stead, Director, Corporate Media, +1-703-205-1070/