Ahead of Q1 Results, Discover Financial Services Declares Its Next Dividend

Discover Financial Services (NYSE: DFS) is slated to unveil its first-quarter results on Wednesday after the close, but on Tuesday, the financial services company let investors in on the details of its next quarterly payout.

As with the previous three distributions, the dividend will be $0.44 per share. This is to be dispensed on June 4 to stockholders of record as of May 21. At the current share price, it yields just over 5%. That is more than double the yield of payment card peer American Express, and well above the yields of both Visa and Mastercard.

Image source: Discover Financial Services.

Continue reading

Source Fool.com