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MCLEAN, Va.--(BUSINESS WIRE)--Jan. 26, 2006--Capital One Financial Corporation (NYSE:COF) today announced a quarterly dividend of 2 2/3 cents per share payable February 21, 2006 to stockholders of record as of February 10, 2006. 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 whose principal subsidiaries, Capital One Bank, Capital One, F.S.B., Capital One Auto Finance, Inc., and Hibernia National Bank (www.hibernia.com), offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One's subsidiaries collectively had $47.9 billion in deposits and $105.5 billion in managed loans outstanding as of December 31, 2005. Capital One, a Fortune 500 company, trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 index.

CONTACT: Capital One Financial Corporation, McLean
Mike Rowen
Investor Relations
(703) 720-2455
or
Julie Rakes
External Communications
(804) 284-5800

SOURCE: Capital One Financial Corporation