Shares in Barclays dropped on Tuesday morning after the banking giant announced a series of actions, including an 5.8bn-pound rights issue, to reduce its capital shortfall.The move followed new regulations imposed by the Prudential Regulation Authority (PRA) which introduced a 3.0% leverage ratio target to ensure banks hold enough of a buffer to protect themselves from risks. At the end of June, Barclays' leverage ratio was only 2.2%, representing a gap of £12.8bn.Shareholders will receive one new share for every four owned at a price of 185p each, a 40.1% discount to the closing price of 309.05p on Monday.The firm is also raising up to £2.0bn through bond sales which the PRA said can be used in the leverage ratio calculation. These actions, amongst others, are expected to push the bank's leverage ratio above 3.0% by June 2014."As a result we expect Barclays to be in an even stronger capital position, allowing us to increase the dividend payout ratio ahead of the original Transform target," said Chairman Sir David Walker. Transform is the company's programme to become Britain's 'Go-To' bank, which includes the reduction in operating costs, an increase in capital buffers, a return on equity above the cost of equity, and a more generous dividend policy (Barclays is now targeting a 40-50% dividend payout ratio by 2015, above the original 30% target).The news came alongside the firm's half-year report in which it saw that adjusted profit before tax fall 17% year-on-year to £3.59bn, driven by the £640m of costs associated with its Transform programme. The company also booked a £1.35bn provision for customer compensation due to mis-sold Payment Protection Insurance (PPI), up from £300m in the first half of 2012.However, statutory profit nearly doubled, jumping 93% to £1.68bn due to an own credit gain of £86m, compared with a charge of £2.95bn the year before.The stock was down 3.77% at 297.34p in morning trade.BC