Discover Financial Services (DFS) Declares $0.28 Quarterly Dividend; 2.2% Yield

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Go back to Discover Financial Services (DFS) Declares $0.28 Quarterly Dividend; 2.2% Yield

Discover Financial Services Declares Quarterly Dividend for Preferred and Common Stock

January 14, 2016 5:48 PM EST

RIVERWOODS, Ill.--(BUSINESS WIRE)-- The Board of Directors of Discover Financial Services declared a quarterly cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $16.25 per share. The dividend equals $0.40625 per depositary share, each representing 1/40th interest in a share of the Series B Preferred Stock. The dividend will be payable on February 29, 2016, to the holders of... More