Discover Financial Services Declares Semi-Annual Dividend for Preferred and Quarterly Dividend for Common Stock
18 Gennaio 2022 - 11:12PM
Business Wire
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
representing 1/100th interest in a share of the Series D Preferred
Stock. The dividend will be payable on March 23, 2022, to the
holders of record at the close of business on March 8, 2022.
The Board of Directors of Discover Financial Services declared a
quarterly cash dividend of $0.50 per share of common stock payable
on March 3, 2022, to holders of record at the close of business on
February 17, 2022.
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, and “Risk Factors” in the company’s quarterly report on
Form 10-Q for the quarter ended September 30, 2021, 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/20220118006258/en/
Investor Contact: Eric
Wasserstrom Investor Relations 224-405-5923
ericwasserstrom@discover.com
Media Contact: Jon Drummond
Public Relations 224-405-1888 jondrummond@discover.com
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