Discover Financial Services Buyback
OLI recorded this information on 4/16/2015
Company:
Discover Financial Services
Buyback:
DFS buyback
$Amount Authorized:
$2,200,000,000
Buyback Details:
Discover Financial Services (NYSE:DFS) announced today that its Board of Directors has approved a new $2.2 billion share repurchase program and increased the quarterly common stock dividend from $0.24 to $0.28 per share, in line with previously announced capital actions. The new share repurchase program expires on July 31, 2016, and may be terminated at any time. This is a five quarter share repurchase program and replaces the prior two-year $3.2 billion program. The company expects to make share repurchases from time to time subject to the company's capital plan, market conditions and other factors, including legal and regulatory restrictions and required approvals.
Discover Financial Services is a bank holding company as well as a financial holding company. Co. provides digital banking products and services and payment services through its subsidiaries. Co. manages its business activities in two segments: Digital Banking, which includes consumer banking and lending products, mainly Discover-branded credit cards issued to individuals on the Discover Network and other consumer banking products and services, including private student loans; and Payment Services, which includes the PULSE network, Diners Club International and its Network Partners business that provides payment transaction processing and settlement services on the Discover Global Network.
Discover Financial Services SEC Filing Email Alerts Service
Preferred: DFS.PRB
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Avg. Broker Rec.
  
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Buy (2.72 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: DFS Stock Forecast Based on Zacks ABR data; powered by Xignite |
