Discover Financial Services (DFS) Reports Q1 EPS of 84c; Raises Qtr. Dividend to 6c/Share, Yielding 1.08%

March 22, 2011 4:19 PM EDT
Discover Financial Services (NYSE: DFS) reported Q1 EPS of $0.84, compared to a gain of $0.64 during the same quarter last year. Sales for the quarter came in at $1.73 billion, which compares to the Street estimate of $1.63 billion.

The company also boosted its quarterly dividend from 2c to 6c per common share. The dividend will be payable on April 21 to shareholders of record on April 7. The ex-dividend date is April 5.

The dividend yield moves from 0.36% to 1.08%.

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