Discover Financial Services Declares Quarterly Dividend for Preferred and Common Stock
January 19 2017 - 5:30PM
Business Wire
The Board of Directors of Discover Financial Services declared a
quarterly cash dividend on its Fixed Rate Non-Cumulative Perpetual
Preferred Stock, Series B, in the amount of $16.25 per share. The
dividend equals $0.40625 per depositary share, each representing
1/40th interest in a share of the Series B Preferred Stock. The
dividend will be payable on March 6, 2017, to the holders of record
at the close of business on February 17, 2017.
The Board of Directors also declared a quarterly cash dividend
of $0.30 per share of common stock payable on February 23, 2017, to
holders of record at the close of business on February 9, 2017.
About Discover
Discover Financial Services (NYSE: DFS) is a direct 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
equity loans, checking and savings accounts and certificates of
deposit through its direct banking business. It operates the
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 in more than 185 countries and territories. For more
information, visit www.discover.com/company.
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version on businesswire.com: http://www.businesswire.com/news/home/20170119006301/en/
Discover Financial ServicesInvestor
Contact:Bill FranklinInvestor
Relations224-405-1902williamfranklin@discover.comorMedia Contact:Jon DrummondPublic
Relations224-405-1888jondrummond@discover.com
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