MCLEAN, Va.--(BUSINESS WIRE)--Oct. 29, 2004--Capital One Financial Corporation (NYSE:COF) today announced a quarterly dividend of 2 2/3 cents per share payable November 22, 2004 to stockholders of record as of November 12, 2004. 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 holding company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending products and Capital One Auto Finance, Inc., offers automobile and other motor vehicle financing products. Capital One's subsidiaries collectively had 47.2 million accounts and $75.5 billion in managed loans outstanding as of September 30, 2004. Capital One, a Fortune 500 company, 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, McLean
Paul Paquin
V.P., Investor Relations
(703) 720-2456
or
Tatiana Stead
Director, External Communications
(703) 720-2352

SOURCE: Capital One Financial Corporation