Discover Financial Services (DFS) Dividend Yield, Date & History

$133.36

-1.90 (-1.40%)

(As of 08/21/2024 ET)

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Dividend Yield: 2.10%
Annual Dividend: $2.80
Dividend Increase Track Record: 13 Years
Annualized 3-Year Dividend Growth: 15.33%
Dividend Payout Ratio: 31.93%
Next Dividend Payment: Sep. 5

DFS Dividend Payments

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DFS Dividend Yield Over Time

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Discover Financial Services vs. The Competition

Type	Discover Financial Services	Finance Companies	NYSE Companies
Annual Dividend	$2.80	$1.94	$1.39
Dividend Yield	2.10%	1,042.27%	352.42%
Annualized 3-Year Dividend Growth	15.33%	13.01%	15.61%
Track Record	13 years	16 years	23 years

Discover Financial Services Dividend Payout Ratio

Type	Payout Ratio
Based on Trailing 12 Months of Earnings	31.93%
Based on This Year's Estimates	22.89%
Based on Next Year's Estimates	21.47%
Based on Cashflow	24.40%

Discover Financial Services Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
7/17/2024	quarterly	$0.70	1.98%	8/22/2024	8/22/2024	9/5/2024
4/17/2024	Quarterly	$0.70	2.25%	5/22/2024	5/23/2024	6/6/2024
1/17/2024	quarterly	$0.70	2.57%	2/21/2024	2/22/2024	3/7/2024
10/18/2023	quarterly	$0.70	3.05%	11/21/2023	11/22/2023	12/7/2023
7/19/2023	quarterly	$0.70	2.3%	8/23/2023	8/24/2023	9/7/2023
4/19/2023	quarterly	$0.70	2.65%	5/24/2023	5/25/2023	6/8/2023
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1/18/2023	quarterly	$0.60	2.47%	2/22/2023	2/23/2023	3/9/2023
10/24/2022	quarterly	$0.60	2.48%	11/22/2022	11/23/2022	12/8/2022
7/20/2022	Quarterly	$0.60	2.4%	8/24/2022	8/25/2022	9/8/2022
4/27/2022	quarterly	$0.60	2.24%	5/25/2022	5/26/2022	6/9/2022
1/18/2022	quarterly	$0.50	1.62%	2/16/2022	2/17/2022	3/3/2022
10/19/2021	quarterly	$0.50	1.52%	11/23/2021	11/24/2021	12/9/2021
7/21/2021	quarterly	$0.50	1.59%	8/18/2021	8/19/2021	9/2/2021
4/20/2021	quarterly	$0.44	1.82%	5/19/2021	5/20/2021	6/3/2021
1/19/2021	Quarterly	$0.44	1.76%	2/17/2021	2/18/2021	3/4/2021
10/20/2020	quarterly	$0.44	2.79%	11/18/2020	11/19/2020	12/3/2020
7/21/2020	Quarterly	$0.44	3.38%	8/19/2020	8/20/2020	9/3/2020
4/21/2020	quarterly	$0.44	5.13%	5/20/2020	5/21/2020	6/4/2020
1/21/2020	Quarterly	$0.44	2.06%	2/19/2020	2/20/2020	3/5/2020
10/17/2019	quarterly	$0.44	2.22%	11/20/2019	11/21/2019	12/5/2019
7/18/2019	Quarterly	$0.44	2.15%	8/21/2019	8/22/2019	9/5/2019
4/19/2019	quarterly	$0.40	2.07%	5/23/2019	5/24/2019	6/6/2019
1/17/2019	quarterly	$0.40	2.48%	2/20/2019	2/21/2019	3/7/2019
10/18/2018	quarterly	$0.40	2.14%	11/20/2018	11/21/2018	12/6/2018
7/19/2018	quarterly	$0.40	2.24%	8/22/2018	8/23/2018	9/6/2018
4/20/2018	quarterly	$0.35	1.91%	5/23/2018	5/24/2018	6/7/2018
1/18/2018	quarterly	$0.35	1.95%	2/21/2018	2/22/2018	3/8/2018
10/19/2017	quarterly	$0.35	2.1%	11/21/2017	11/22/2017	12/7/2017
7/25/2017	quarterly	$0.35	2.2%	8/22/2017	8/24/2017	9/7/2017
4/20/2017	quarterly	$0.30	1.81%	5/9/2017	5/11/2017	5/25/2017
1/19/2017	quarterly	$0.30	1.71%	2/7/2017	2/9/2017	2/23/2017
10/13/2016	quarterly	$0.30		11/1/2016	11/3/2016	11/17/2016
7/14/2016	quarterly	$0.30		8/2/2016	8/4/2016	8/18/2016
4/14/2016	quarterly	$0.28		5/3/2016	5/5/2016	5/19/2016
1/14/2016	quarterly	$0.28		2/2/2016	2/4/2016	2/18/2016
10/15/2015	quarterly	$0.28		11/3/2015	11/5/2015	11/19/2015
7/16/2015	quarterly	$0.28	1.89%	8/4/2015	8/6/2015	8/20/2015
4/16/2015	quarterly	$0.28	1.9%	5/5/2015	5/7/2015	5/21/2015
1/16/2015	quarterly	$0.24	1.58%	2/3/2015	2/5/2015	2/19/2015
10/16/2014	quarterly	$0.24	1.54%	11/4/2014	11/6/2014	11/20/2014
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7/16/2014	quarterly	$0.24	1.5%	8/5/2014	8/7/2014	8/21/2014
4/16/2014	quarterly	$0.24	1.69%	5/6/2014	5/8/2014	5/22/2014
1/23/2014	quarterly	$0.20	1.48%	2/4/2014	2/6/2014	2/20/2014
10/16/2013	quarterly	$0.20	1.49%	11/5/2013	11/7/2013	11/21/2013
7/17/2013	quarterly	$0.20	1.58%	8/6/2013	8/8/2013	8/22/2013
4/16/2013	quarterly	$0.20	1.88%	5/7/2013	5/9/2013	5/23/2013
12/20/2012	quarterly	$0.14	1.45%	12/31/2012	1/3/2013	1/17/2013

(Data available from 1/1/2013 forward)

Discover Financial Services Dividend - Frequently Asked Questions

What is Discover Financial Services's dividend yield?: The current dividend yield for Discover Financial Services is 2.10%. Learn more on DFS's dividend yield history.
How much is Discover Financial Services's annual dividend?: The annual dividend for DFS shares is $2.80. Learn more on DFS's annual dividend history.
How often does Discover Financial Services pay dividends?: Discover Financial Services pays quarterly dividends to shareholders.
When is Discover Financial Services's next dividend payment?: Discover Financial Services's next quarterly dividend payment of $0.70 per share will be made to shareholders on Thursday, September 5, 2024.
When was Discover Financial Services's most recent dividend payment?: Discover Financial Services's most recent quarterly dividend payment of $0.70 per share was made to shareholders on Thursday, June 6, 2024.
When is Discover Financial Services's ex-dividend date?: Discover Financial Services's next ex-dividend date is Thursday, August 22, 2024.
When was Discover Financial Services's most recent ex-dividend date?: Discover Financial Services's most recent ex-dividend date was Wednesday, May 22, 2024.
Is Discover Financial Services's dividend growing?: Over the past three years, the company's dividend has grown by an average of 15.33% per year.
What track record does Discover Financial Services have of raising its dividend?: Discover Financial Services has increased its dividend for the past 13 consecutive years.
When did Discover Financial Services last increase or decrease its dividend?: The most recent change in the company's dividend was an increase of $0.10 on Wednesday, April 19, 2023.
What is Discover Financial Services's dividend payout ratio?: The dividend payout ratio for DFS is:
31.93% based on the trailing year of earnings

22.89% based on this year's estimates

21.47% based on next year's estimates

24.40% based on cash flow
Is Discover Financial Services a good dividend stock?: Discover Financial Services' dividend yield of 2.14% is lower than the average Finance company that issues a dividend. The company's 13 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Discover Financial Services' dividend payout ratio of 31.93% is at a healthy, sustainable level, below 75% of its earnings.