MCLEAN, Va.--(BUSINESS WIRE)--Aug. 1, 2005--Capital One Financial Corporation (NYSE:COF) today announced a quarterly dividend of 2 2/3 cents per share payable August 22, 2005 to stockholders of record as of August 10, 2005. 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 EquiServe Trust Company, N.A., at (800) 446-2617.

About Capital One

Headquartered in McLean, Virginia, Capital One Financial Corporation (www.capitalone.com) is a bank holding company whose principal subsidiaries, Capital One Bank, Capital One, F.S.B. and Capital One Auto Finance, Inc. offer a variety of consumer lending products. Capital One's subsidiaries collectively had 48.9 million accounts and $83.0 billion in managed loans outstanding as of June 30, 2005. Capital One is a Fortune 500 company and, through its subsidiaries, 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.

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

SOURCE: Capital One Financial Corporation