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Reuters: Capital One cuts dividend 87 percent

Started by chris, March 09, 2009, 07:59:15 PM

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chris

Capital One cuts dividend 87 percent
      
   
      


NEW YORK (Reuters) - Capital One Financial Corp  will cut its quarterly dividend 87 percent to save $500 million annually as credit card losses increase and the economic outlook worsens, the company said on Monday.<div class="feedflare">
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