Discover Financial Services Declares Quarterly Dividend for Preferred and Common Stock

Tue Apr 16, 2013 5:00pm EDT

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Common Stock Dividend Increased 43% to $0.20 Per Share
RIVERWOODS, Ill.--(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 June 3, 2013, to the holders of record at
the close of business on May 17, 2013. 

The Board of Directors also declared a quarterly cash dividend of $0.20 per
share of common stock, an increase of $0.06 per share of common stock, payable
on May 23, 2013, to holders of record at the close of business on May 9, 2013. 

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 operates the Discover card, America's cash
rewards pioneer, and offers home loans, private student loans, personal loans,
checking and savings accounts, certificates of deposit and money market accounts
through its direct banking business. Its payment businesses consist 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 in more than 185 countries and territories. For
more information, visit www.discoverfinancial.com.

Discover Financial Services
Investor Contact:
Bill Franklin
Investor Relations
224-405-1902
williamfranklin@discover.com
or
Media Contact:
Jon Drummond
Public Relations
224-405-1888
jondrummond@discover.com

Copyright Business Wire 2013

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