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
Shares of Apple Inc. (AAPL) gained 5 percent in extended trading session after the tech giant reported a third-quarter profit and revenues that trumped Wall Street expectations driven by higher-than-expected iPhone sales. Although, Apple reported its second year-over-year decline in iPhone sales,... Micro-blogging site Twitter Inc. (TWTR), Tuesday reported a smaller loss for the second quarter, as revenues climbed 20 percent reflecting growth in its advertising business despite a continued poor growth in number of users. Adjusted earnings for the quarter trumped Wall Street expectations, while revenues... BlackBerry has launched its second Android smartphone DTEK50, which the struggling company touts as the most secure Android smartphone ever. DTEK50 is BlackBerry's second smartphone powered by Android, following the PRIV. The device actually shares its design and hardware specifications with the recently...
comments powered by Disqus
Follow RTT