Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; private student loans, personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts. The Payment Services segment operates the PULSE, an automated teller machine, debit, and electronic funds transfer network; and Diners Club International, a payments network that issues Diners Club branded charge cards and/or provides card acceptance services, as well as offers payment transaction processing and settlement services. The company was incorporated in 1960 and is based in Riverwoods, Illinois.
Discover Financial Services Dividend Announcement
• Discover Financial Services announced a quarterly dividend of $0.70 per ordinary share which will be made payable on 2024-12-05. Ex dividend date: 2024-11-21
• Discover Financial Services annual dividend for 2024 was $2.80
• Discover Financial Services annual dividend for 2023 was $2.70
• Discover Financial Services's trailing twelve-month (TTM) dividend yield is 1.59%
• Discover Financial Services's payout ratio for the trailing twelve months (TTM) is 24.19%
• Discover Financial Services's dividend growth over the last five years (2018-2023) was 12.47% year
• Discover Financial Services's dividend growth over the last ten years (2013-2023) was 16.23% year
Discover Financial Services Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-21 | $0.70 | quarterly | 2024-12-05 |
2024-08-22 | $0.70 | quarterly | 2024-09-05 |
2024-05-22 | $0.70 | quarterly | 2024-06-06 |
2024-02-21 | $0.70 | quarterly | 2024-03-07 |
2023-11-21 | $0.70 | quarterly | 2023-12-07 |
2023-08-23 | $0.70 | quarterly | 2023-09-07 |
2023-05-24 | $0.70 | quarterly | 2023-06-08 |
2023-02-22 | $0.60 | quarterly | 2023-03-09 |
2022-11-22 | $0.60 | quarterly | 2022-12-08 |
2022-08-24 | $0.60 | quarterly | 2022-09-08 |
2022-05-25 | $0.60 | quarterly | 2022-06-09 |
2022-02-16 | $0.50 | quarterly | 2022-03-03 |
2021-11-23 | $0.50 | quarterly | 2021-12-09 |
2021-08-18 | $0.50 | quarterly | 2021-09-02 |
2021-05-19 | $0.44 | quarterly | 2021-06-03 |
2021-02-17 | $0.44 | quarterly | 2021-03-04 |
2020-11-18 | $0.44 | quarterly | 2020-12-03 |
2020-08-19 | $0.44 | quarterly | 2020-09-03 |
2020-05-20 | $0.44 | quarterly | 2020-06-04 |
2020-02-19 | $0.44 | quarterly | 2020-03-05 |
2019-11-20 | $0.44 | quarterly | 2019-12-05 |
2019-08-21 | $0.44 | quarterly | 2019-09-05 |
2019-05-23 | $0.40 | quarterly | 2019-06-06 |
2019-02-20 | $0.40 | quarterly | 2019-03-07 |
2018-11-20 | $0.40 | quarterly | 2018-12-06 |
2018-08-22 | $0.40 | quarterly | 2018-09-06 |
2018-05-23 | $0.35 | quarterly | 2018-06-07 |
2018-02-21 | $0.35 | quarterly | 2018-03-08 |
2017-11-21 | $0.35 | quarterly | 2017-12-07 |
2017-08-22 | $0.35 | quarterly | 2017-09-07 |
2017-05-09 | $0.30 | quarterly | 2017-05-25 |
2017-02-07 | $0.30 | quarterly | 2017-02-23 |
2016-11-01 | $0.30 | quarterly | 2016-11-17 |
2016-08-02 | $0.30 | quarterly | 2016-08-18 |
2016-05-03 | $0.28 | quarterly | 2016-05-19 |
2016-02-02 | $0.28 | quarterly | 2016-02-18 |
2015-11-03 | $0.28 | quarterly | 2015-11-19 |
2015-08-04 | $0.28 | quarterly | 2015-08-20 |
2015-05-05 | $0.28 | quarterly | 2015-05-21 |
2015-02-03 | $0.24 | quarterly | 2015-02-19 |
2014-11-04 | $0.24 | quarterly | 2014-11-20 |
2014-08-05 | $0.24 | quarterly | 2014-08-21 |
2014-05-06 | $0.24 | quarterly | 2014-05-22 |
2014-02-04 | $0.20 | quarterly | 2014-02-20 |
2013-11-05 | $0.20 | quarterly | 2013-11-21 |
2013-08-06 | $0.20 | quarterly | 2013-08-22 |
2013-05-07 | $0.20 | quarterly | 2013-05-23 |
Discover Financial Services Dividend per year
Discover Financial Services Dividend growth
Discover Financial Services Dividend Yield
Discover Financial Services current trailing twelve-month (TTM) dividend yield is 1.59%. Interested in purchasing Discover Financial Services stock? Use our calculator to estimate your expected dividend yield:
Discover Financial Services Financial Ratios
Discover Financial Services Dividend FAQ
Other factors to consider when evaluating Discover Financial Services as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Discover Financial Services's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Discover Financial Services publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Discover Financial Services distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Discover Financial Services are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Discover Financial Services sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Discover Financial Services distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Discover Financial Services declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Discover Financial Services's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Discover Financial Services's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.