Discover Financial Services (DFS) Raises Quarterly Dividend 16.7% to $0.28; 1.9% Yield

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Go back to Discover Financial Services (DFS) Raises Quarterly Dividend 16.7% to $0.28; 1.9% Yield

Discover Financial Services Announces $2.2 Billion Share Repurchase Program and Increases Quarterly Common Stock Dividend from $0.24 to $0.28 Per Share

April 16, 2015 5:16 PM EDT

Company Declares Quarterly Dividend for Preferred and Common Stock

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Financial Services (NYSE: DFS) announced today that its Board of Directors has approved a new $2.2 billion share repurchase program and increased the quarterly common stock dividend from $0.24 to $0.28 per share, in line with previously announced capital actions. The new share repurchase program expires on July 31, 2016, and may be terminated at any time. This is a five quarter share repurchase program and replaces the prior two-year... More