Discover Financial Services (DFS) will raise its quarterly dividend by 10.0 percent to $0.44 per share in 2019. This marks the 9th consecutive year of annual dividend increases by the company.
The next dividend is payable on September 5, 2019, to holders of record at the close of business on August 22, 2019. A new annual rate of $1.76 per share yields 2.2% at a stock price of $81.74.
Discover Financial Services is a direct banking and payment services company. It provides direct banking products and services, and payment services through its subsidiaries. It offers its customers credit card loans, private student loans, personal loans, home equity loans and deposit products. The company issues the Discover card, operates the Discover Network, PULSE and Diners Club International.