Key Developments: Discover Financial Services (DFS.N)

DFS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Discover to close mortgage origination business, cut 460 jobs

- Credit card issuer Discover Financial Services said it would close its mortgage origination business and cut about 460 related jobs to focus on its direct banking products.

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