FALLS CHURCH, Va., April 27 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) today announced a quarterly dividend of 2 2/3 cents per share payable May 22, 2000 to stockholders of record as of May 10, 2000. This is the Company's twenty-first 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 (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 25.3 million accounts and $20.3 billion in managed loans outstanding as of March 31, 2000. Capital One is one of the major financial services providers on the Internet, with on-line credit card approvals, on-line retail deposits and a growing number of customers serviced on-line. Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the Standard & Poor's 500 index. Capital One was also ranked by Business Week as one of the Top 50 Best Performers of the S & P 500 index from March 1, 1999 to March 1, 2000 (March 27, 2000 issue). SOURCE Capital One Financial Corporation

CONTACT: Paul Paquin, V.P., Investor Relations, 703-205-1039; or Sam Wang, Director, Media Relations, 703-289-6809, both of Capital One Financial Corporation/