Discover Financial Services Declares Semi-Annual Dividend for Series C Preferred and Quarterly Dividend for Common Stock
21 Luglio 2020 - 11:05PM
Business Wire
The Board of Directors of Discover Financial Services declared a
quarterly cash dividend of $0.44 per share of common stock payable
on September 3, 2020, to holders of record at the close of business
on August 20, 2020.
The Board of Directors of Discover Financial Services also
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 October 30,
2020, to the holders of record at the close of business on October
15, 2020.
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.
The amount and timing of any future dividends and share
repurchases are subject to the discretion of the Board of Directors
of Discover Financial Services 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, are subject to
regulatory limitations and may become 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, 2019 and “Risk Factors” in the company’s quarterly report on
Form 10-Q for the quarter ended March 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200721005944/en/
Investor Contact: Craig
Streem Investor Relations 224-405-5923 craigstreem@discover.com
Media Contact: Jon Drummond
Public Relations 224-405-1888 jondrummond@discover.com
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