Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade DFS now with 

Discover Financial Services (DFS: Quote) 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.

Click here to receive FREE breaking news email alerts for Discover Financial Services LLC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
German consumer climate is set to improve slightly in November, ending the downward trend, as income expectations among households strengthened on the back of the strong labor market situation, survey data revealed Friday.The forward-looking consumer confidence index rose slightly to 8.5 in November from 8.4 in October. Software giant Microsoft Corp. said Thursday after the markets closed that its first quarter profit fell 13% from last year, hurt mainly by integration and restructuring costs even as revenue surged 25% thanks to strong sales of its gadgets and cloud-based products. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. After turning lower over the course of the previous session, stocks showed a substantial move back to the upside during trading on Thursday. The gains more than offset yesterday's loss, extending the recovery from the recent sell-off.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.