Discover Financial Services Declares Its Next Dividend Ahead of Earnings Release

Discover Financial Services (NYSE: DFS) stock was on the rise Wednesday in the brief period between its latest dividend declaration and the release of its second-quarter results. Discover's board of directors has declared a quarterly payout of $0.44 per share of the company's common stock, which yields just under 3.5% at the current share price. This is to be handed out on Sept. 3 to shareholders of record as of Aug. 20.

That amount matches each of the last four distributions. Since mid-2013, the dividend has risen steadily, from $0.20 per share to the present level.

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Source Fool.com