Discover Financial Services (DFS) Thursday said, following the no-objection ruling from the Federal Reserve, it has received authorization from its board of directors to repurchase up to $2.4 billion shares.
The new share repurchase program expires on March 31, 2015, and replaces the prior $2 billion share repurchase program, which had approximately $600 million of remaining authorization as of March 14.
The company also said it is seeking approval from the board for increasing second-quarter quarterly dividend to $0.20 per share from $0.14 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.