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

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

Discover Financial Services Declares Semi-Annual Dividend for Preferred and Quarterly Dividend for Common Stock

July 19, 2018 4:54 PM EDT

RIVERWOODS, Ill.--(BUSINESS WIRE)-- 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 companys capital plan, market conditions and other factors, including legal and regulatory restrictions and required... More