MCLEAN, Va.--(BUSINESS WIRE)--July 27, 2006--Capital One Financial Corporation (NYSE:COF) today announced a quarterly dividend of 2 2/3 cents per share payable August 21, 2006 to stockholders of record as of August 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 (http://www.capitalone.com) is a financial holding company, with more than 324 locations in Texas and Louisiana. Its principal subsidiaries, Capital One Bank, Capital One, F.S.B., Capital One Auto Finance, Inc., and Capital One, N.A., offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One's subsidiaries collectively had $47.2 billion in deposits and $108.4 billion in managed loans outstanding as of June 30, 2006. 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
Mike Rowen
Investor Relations
703-720-2455
or
Julie Rakes
External Communications
804-284-5800

SOURCE: Capital One Financial Corporation