Discover Financial Services Declares Quarterly Dividend for Common Stock
Discover Financial Services has declared a quarterly cash dividend of $0.44 per share, payable on June 3, 2021, to shareholders recorded by the close of business on May 20, 2021. Discover, recognized as one of the largest card issuers in the U.S., offers various financial services including personal and student loans, checking and savings accounts. The company emphasizes that future dividends are at the discretion of its Board of Directors, dependent on operational results, financial condition, and market conditions.
- Quarterly cash dividend of $0.44 per share declared, providing income for shareholders.
- Future dividends dependent on operational results and market conditions, introducing uncertainty.
The Board of Directors of Discover Financial Services declared a quarterly cash dividend of
About Discover
Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home loans, checking and savings accounts and certificates of deposit through its banking business. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. For more information, visit www.discover.com/company.
This press release contains forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made, which reflect management’s estimates, projections, expectations or beliefs at that time, and which are subject to significant risks and uncertainties that may cause actual results to differ materially. The amount and timing of any future dividends and share repurchases are subject to the discretion of the company’s board of directors and will depend upon the company’s results of operations, financial condition, cash requirements, future prospects, market conditions, capital requirements, applicable law and regulations (including federal securities laws and federal banking regulations) and other factors, and may be subject to regulatory approval or conditions. Additional factors impacting dividends and share repurchases can be found in "Business - Supervision and Regulation", “Risk Factors” and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's annual report on Form 10-K for the year ended December 31, 2020, which are filed with the SEC and available at the SEC's website (www.sec.gov). The Company does not undertake to update or revise forward-looking statements as more information becomes available.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210420006171/en/
FAQ
What is the dividend amount declared by Discover Financial Services?
When is the dividend payable for Discover Financial Services?
What is the record date for the dividend payment of Discover Financial Services?
Are future dividends guaranteed for Discover Financial Services?
