Discover Financial Services (DFS) Declares $0.40 Quarterly Dividend; Approves $3B Buyback

Discover Financial Services (NYSE: DFS) declared a quarterly dividend of $0.40 per share, or $1.6 annualized.

The dividend will be payable on September 6, 2018, to stockholders of record on August 23, 2018, with an ex-dividend date of August 22, 2018.

The annual yield on the dividend is 2.2 percent.

Discover Financial Services (NYSE: DFS) announced today that its Board of Directors has approved a new $3.0 billion share repurchase program and increased the quarterly common stock dividend from $0.35 to $0.40 per share. The new share repurchase program expires on January 31, 2020, and may be terminated at any time. This is a five quarter share repurchase program and replaces the prior five-quarter, $2.75 billion program. The company expects to make share repurchases from time to time subject to the company’s capital plan, market conditions and other factors, including legal and regulatory restrictions and required approvals.

For a dividend history and other dividend-related data on Discover Financial Services (DFS) click here.

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