DFS - Dividend announcements

Company to Pursue Transfer of Servicing to Third-Party Provider and Plans to Cease Student Loan Originations February 1, 2024 Discover Financial Services (NYSE:DFS) today announced that the Company's Board of Directors (the "Board") has authorized Discover management to explore the sale of the Discover Student Loans portfolio and the transfer of servicing of these loans to a third-party provider as it pursues strategic alternatives for the Discover Student Loans business. Additionally, Discover will stop accepting new applications for student loans February 1, 2024. There is no impact to current Discover Student Loans customers or their loans or payments at this time. "Discover's Boar

Discover Financial Services (NYSE:DFS) and Discover Bank (collectively "Discover") have certain outstanding preferred stock and debt securities, listed in this press release (the "LIBOR-based Securities"), that use 3-month USD LIBOR or the 5-year USD LIBOR Mid-Swap Rate (collectively "LIBOR-based Benchmarks") administered by ICE Benchmark Association Limited ("IBA") as reference rates for determining interest rates and amounts payable to investors in the LIBOR-based Securities. On March 5, 2021, the U.K. Financial Conduct Authority (the "FCA") announced that all USD LIBOR settings will either cease publication or no longer be representative after June 30, 2023 (the "Cessation Date"). Foll

The Board of Directors of Discover Financial Services declared a semi-annual cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C, in the amount of $2,750 per share. The dividend equals $27.50 per depositary share, each representing 1/100th interest in a share of the Series C Preferred Stock. The dividend will be payable on May 2, 2022, to the holders of record at the close of business on April 15, 2022. The Board of Directors of Discover Financial Services declared a semi-annual cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series D, in the amount of $3,062.50 per share. The dividend equals $30.625 per depositary share, each repres

The Board of Directors of Discover Financial Services declared a quarterly cash dividend of $0.50 per share of common stock payable on December 9, 2021, to holders of record at the close of business on November 24, 2021. 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 i

Discover Financial Services (NYSE:DFS): First Quarter Results   2021 2020 YOY Change Total loans, end of period (in billions) $86.3 $93.0 (7%) Total revenue net of interest expense (in millions) $2,795 $2,888 (3%) Total net charge-off rate 2.48% 3.27% -79 bps Net income/(loss) (in millions) $1,593 ($61) NM Diluted EPS $5.04 ($0.25) NM Discover Financial Services (NYSE:DFS) today reported net income of $1.6 billion or $5.04 per diluted share for the first quarter of 2021, as compared to a net loss of ($61) million or ($0.25) per diluted share for the first quarter of 2020. "Our first quarter results w

The Board of Directors of Discover Financial Services declared a quarterly cash dividend of $0.44 per share of common stock payable on June 3, 2021, to holders of record at the close of business on May 20, 2021. 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 banki

KUALA LUMPUR, Malaysia & RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover, a leading digital bank and payments company, and Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and shared central infrastructure for payment services in Malaysia, have signed an agreement that will greatly expand acceptance for Discover, Diners Club International and network alliance cardholders in Malaysia. The agreement complements Discover’s strategy of growing acceptance in Asia Pacific to support existing partners in countries such as Singapore, India, China and Japan by potentially opening acceptance at 10,000 ATM locations and more than 570,000 point-of-sale terminals througho

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS): Fourth Quarter Results   2020   2019   YOY Change Total loans, end of period (in billions) $90.4   $95.9   (6%) Total revenue net of interest expense (in millions) $2,824   $2,944   (4%) Total net charge-off rate 2.38%   3.19%   -81 bps Net income/(loss) (in millions) $799   $708   13% Diluted EPS $2.59   $2.25   15% Discover Financial Services (NYSE: DFS) today reported net income of $799 million or $2.59 per diluted share for the fourth quarter of 2020, as compared to net inc

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) announced today that its Board of Directors has approved a new $1.1 billion share repurchase program, having suspended share repurchases since March 2020 in response to the economic recession. The new program expires on December 31, 2021, and can be terminated at any time. The company expects to repurchase shares from time to time subject to the company’s repurchase program limit, its capital plan, market conditions and other factors, including legal and regulatory restrictions and required approvals, if any. The timing and exact amount of repurchases under the new repurchase program will be based on marke