logo
Share SHARE
FONT-SIZE Plus   Neg

Discover Financial Authorizes New $2 Bln Share Buy Back Plan, Declares Dividend

Discover Financial Services (DFS) Tuesday said it approved a new share repurchase program to buy back up to $2 billion of common shares. The program expires on March 22, 2014, and may be terminated at any time.

This new share repurchase program replaces the prior $1 billion program that had $575 million of remaining authorization.

The company also declared a cash dividend of $0.10 per share, payable on April 19 to stockholders as of April 5.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
Follow RTT