Key Developments: Discover Financial Services (DFS.N)

DFS.N on New York Stock Exchange

56.57USD
27 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Discover Financial Services plans to increase quarterly dividend to $0.28 per share and to repurchase up to $2.2 bln of common stock
Wednesday, 11 Mar 2015 04:38pm EDT 

Discover Financial Services:Plan includes an increase in company's next quarterly dividend from $0.24 to $0.28 per share of common stock.And share repurchases of up to $2.2 bln during five quarters ending June 30, 2016.Approve dividend increase and a new share repurchase program that is consistent with the planned capital actions at its April meeting.company's planned new repurchase program will replace the existing program.  Full Article

Discover Financial Services prices senior notes due 2025 - Form 8-K
Wednesday, 4 Mar 2015 04:25pm EST 

Discover Financial Services:Priced its offering of $500 million aggregate principal amount of 3.750 percent senior notes due 2025 at a public offering price of 99.884 percent of face amount.Entered underwriting agreement with Barclays Capital Inc, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc as representatives of underwriters.  Full Article

Discover Financial Services declares quarterly dividend for preferred and common stock
Friday, 16 Jan 2015 04:14pm EST 

Discover Financial Services:Declares a quarterly cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $16.25 per share.Dividend equals $0.40625 per depositary share, each representing 1/40th interest in a share of the Series B Preferred Stock.Payable on March 2, to the holders of record on Feb. 13.Board also declared a quarterly cash dividend of $0.24 per share of common stock.Payable on Feb. 19, to holders of record on Feb. 05.  Full Article

Discover Financial Services declares quarterly dividends
Thursday, 16 Oct 2014 05:58pm EDT 

Discover Financial Services:Declares quarterly cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $16.25 per share.Dividend equals $0.40625 per depositary share, each representing 1/40th interest in a share of the Series B Preferred Stock.Payable on Dec. 01 to the holders of record on Nov. 14.Also declares quarterly cash dividend of $0.24 per share of common stock.Payable on Nov. 20 to holders of record on Nov. 06.  Full Article

Discover Financial Services declares quarterly dividend for preferred and common stock
Wednesday, 16 Jul 2014 05:36pm EDT 

Discover Financial Services:Declares quarterly cash dividend on Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in amount of $16.25 per share.Dividend will be payable on Sept. 02, 2014, to holders of record at the close of business on Aug. 15, 2014.Also declared a quarterly cash dividend of $0.24 per share of common stock payable on Aug. 21, 2014, to holders of record at the close of business on Aug. 07, 2014.  Full Article

Discover Financial Services's Diners Club International and Bangkok Bank announces Merchant acquiring agreement in Thailand
Friday, 30 May 2014 08:00am EDT 

Discover Financial Services:Diners Club International Ltd., a business unit of Discover Financial Services and part of Discover Global Network, and Bangkok Bank will go live with merchant acquiring in Thailand.Under the agreement, merchants using Bangkok Bank terminal network will be able to accept Diners Club International, Discover, BC Global, DinaCard and RuPay cards, which are all part of Discover Global Network.  Full Article

Discover Financial Services announces $3.2 bln share repurchase program and increases quarterly common stock dividend from $0.20 to $0.24 per share
Wednesday, 16 Apr 2014 05:10pm EDT 

Discover Financial Services:Receives approval from board of $3.2 bln share repurchase program.New share repurchase program expires on April 15, 2016, and may be terminated at any time.Declares increased quarterly common stock dividend from $0.20 to $0.24 per share.Payable on May 22, to holders of record at the close of business on May 8.Declares a quarterly cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $16.25 per share.Payable on June 2, to the holders of record at the close of business on May 16.  Full Article

Discover Financial Services 's Diners Club International and Cornèr Bank Ltd signs agreement
Tuesday, 25 Mar 2014 08:00am EDT 

Discover Financial Services:To form new Diners Club International franchise in Switzerland.Cornèrcard will operate a Diners Club issuing business in Switzerland.  Full Article

Discover Financial Services declares quarterly dividend for preferred and common stock
Thursday, 23 Jan 2014 04:05pm EST 

Discover Financial Services:Declares a quarterly cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $16.25 per share.Says the dividend equals $0.40625 per depositary share, each representing 1/40th interest in a share of the Series B Preferred Stock.Says the dividend will be payable on Mar. 3, to the holders of record at the close of business on Feb. 14.Declares a quarterly cash dividend of $0.20 per share of common stock payable on Feb. 20 to holders of record at the close of business on Feb. 6.  Full Article

Discover Financial Services Declares Quarterly Dividend for Preferred and Common Stock
Wednesday, 16 Oct 2013 05:39pm EDT 

Discover Financial Services announced that it has 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 December 2, 2013, to the holders of record at the close of business on November 15, 2013. The Board of Directors also declared a quarterly cash dividend of $0.20 per share of common stock payable on November 21, 2013, to holders of record at the close of business on November 7, 2013.  Full Article

Fitch: AmEx, Discover Can Manage EU Card Interchange Fee Caps

(The following statement was released by the rating agency) NEW YORK, January 13 (Fitch) Draft terms agreed to by the European Parliament and the European Council in December that cap interchange fees on some European debit and credit card transactions will likely have a manageable financial impact on American Express (AmEx, 'A+') and Discover Financial Services (Discover, 'BBB+'), Fitch Ratings says. We expect that the effect will also be manageable but more felt at banks with operations

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