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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 2024-09-05. Ex dividend date: 2024-08-22
Discover Financial Services annual dividend for 2024 was $2.10
Discover Financial Services annual dividend for 2023 was $2.70
Discover Financial Services's trailing twelve-month (TTM) dividend yield is 1.9%
Discover Financial Services's payout ratio for the trailing twelve months (TTM) is 26.54%
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 dateDividend amountDividend typePay date
2024-08-22$0.70quarterly2024-09-05
2024-05-22$0.70quarterly2024-06-06
2024-02-21$0.70quarterly2024-03-07
2023-11-21$0.70quarterly2023-12-07
2023-08-23$0.70quarterly2023-09-07
2023-05-24$0.70quarterly2023-06-08
2023-02-22$0.60quarterly2023-03-09
2022-11-22$0.60quarterly2022-12-08
2022-08-24$0.60quarterly2022-09-08
2022-05-25$0.60quarterly2022-06-09
2022-02-16$0.50quarterly2022-03-03
2021-11-23$0.50quarterly2021-12-09
2021-08-18$0.50quarterly2021-09-02
2021-05-19$0.44quarterly2021-06-03
2021-02-17$0.44quarterly2021-03-04
2020-11-18$0.44quarterly2020-12-03
2020-08-19$0.44quarterly2020-09-03
2020-05-20$0.44quarterly2020-06-04
2020-02-19$0.44quarterly2020-03-05
2019-11-20$0.44quarterly2019-12-05
2019-08-21$0.44quarterly2019-09-05
2019-05-23$0.40quarterly2019-06-06
2019-02-20$0.40quarterly2019-03-07
2018-11-20$0.40quarterly2018-12-06
2018-08-22$0.40quarterly2018-09-06
2018-05-23$0.35quarterly2018-06-07
2018-02-21$0.35quarterly2018-03-08
2017-11-21$0.35quarterly2017-12-07
2017-08-22$0.35quarterly2017-09-07
2017-05-09$0.30quarterly2017-05-25
2017-02-07$0.30quarterly2017-02-23
2016-11-01$0.30quarterly2016-11-17
2016-08-02$0.30quarterly2016-08-18
2016-05-03$0.28quarterly2016-05-19
2016-02-02$0.28quarterly2016-02-18
2015-11-03$0.28quarterly2015-11-19
2015-08-04$0.28quarterly2015-08-20
2015-05-05$0.28quarterly2015-05-21
2015-02-03$0.24quarterly2015-02-19
2014-11-04$0.24quarterly2014-11-20
2014-08-05$0.24quarterly2014-08-21
2014-05-06$0.24quarterly2014-05-22
2014-02-04$0.20quarterly2014-02-20
2013-11-05$0.20quarterly2013-11-21
2013-08-06$0.20quarterly2013-08-22
2013-05-07$0.20quarterly2013-05-23

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 1.9%. Interested in purchasing Discover Financial Services stock? Use our calculator to estimate your expected dividend yield:

Discover Financial Services Financial Ratios

P/E ratio12.71
PEG ratio-12.41
P/B ratio2.30
ROE19.44%
Payout ratio26.54%
Current ratio2.27
Quick ratio19.64
Cash Ratio1.99

Discover Financial Services Dividend FAQ

How much is the next Discover Financial Services dividend?
Discover Financial Services's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Discover Financial Services dividend. The next Discover Financial Services dividend will be released in February, May, August, or November.
When is Discover Financial Services dividend paid?
Discover Financial Services pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Discover Financial Services pay?
The specific amount of Discover Financial Services dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Discover Financial Services's dividend history.
Does Discover Financial Services stock pay dividends?
Yes, Discover Financial Services does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Discover Financial Services's dividend history.
How much dividend does Discover Financial Services pay?
Discover Financial Services paid $2.1 in 2024, $2.7 in 2023, $2.3 in 2022, $1.88 in 2021, and $1.76 in 2020.
How often does Discover Financial Services pay dividends?
Discover Financial Services typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Discover Financial Services's dividend yield?
The current dividend yield for Discover Financial Services is 1.9%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Discover Financial Services's exact dividend yield.
When does Discover Financial Services go ex dividend?
Discover Financial Services's ex-dividend date for the latest dividend was on 2024-08-22. Discover Financial Services typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Discover Financial Services dividend paid?
Discover Financial Services pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Discover Financial Services increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Discover Financial Services will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Discover Financial Services dividend per share?
Discover Financial Services paid $2.1 per share in 2024 and $2.7 per share in 2023. The amount of dividend per share that Discover Financial Services pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Discover Financial Services a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Discover Financial Services a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Discover Financial Services a dividend stock?
Yes, Discover Financial Services is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Discover Financial Services a good dividend stock?
Whether Discover Financial Services is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Discover Financial Services has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Discover Financial Services pay dividends monthly?
Discover Financial Services typically pays dividends on a quarterly basis.
Does Discover Financial Services pay dividends quarterly?
Discover Financial Services currently pays dividends on a quarterly basis.
Has Discover Financial Services ever paid a dividend?
Yes, Discover Financial Services has a history of paying dividends to its shareholders. Discover Financial Services is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Discover Financial Services dividend stocks?
To buy Discover Financial Services you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Discover Financial Services stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Discover Financial Services pay dividends 2024?
Discover Financial Services pays dividends on a quarterly basis. 2024 dividend payments are in 2024-09-05. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Discover Financial Services increase its dividend in 2024?
Decisions regarding Discover Financial Services dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Discover Financial Services dividend overview you can look into the above table of dividend history.
How Discover Financial Services dividend works?
The Discover Financial Services dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Discover Financial Services's dividend process works:

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.
How are Discover Financial Services dividends paid?
Discover Financial Services dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Discover Financial Services pay dividends?
Discover Financial Services typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Discover Financial Services pay dividends?
The general pattern is that Discover Financial Services pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Discover Financial Services dividend safe?
The safety of Discover Financial Services's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.