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Capital One Announces Quarterly Dividend

MCLEAN, Va.--(BUSINESS WIRE)--April 26, 2007--Capital One Financial Corporation (NYSE:COF) today announced a quarterly dividend of 2 2/3 cents per share payable May 21, 2007 to stockholders of record as of May 10, 2007. 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 (800) 446-2617.

About Capital One

Headquartered in McLean, Virginia, Capital One Financial Corporation (www.capitalone.com) is a financial holding company with more than 720 locations in New York, New Jersey, Connecticut, Texas and Louisiana that offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Its principal subsidiaries, Capital One Bank, Capital One, F.S.B., Capital One Auto Finance, Inc., Capital One, N.A., and North Fork Bank offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One's subsidiaries collectively had $87.7 billion in deposits and $142.0 billion in managed loans outstanding as of March 31, 2007. Capital One, a Fortune 500 company, trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100.

CONTACT:
Capital One Financial Corporation, McLean
Investor Relations
Jeff Norris, 703-720-2455
or
External Communications
Julie Rakes, 804-284-5800

SOURCE:
Capital One Financial Corporation