Discover Financial Services Dividend
Dividend criteria checks 5/6
Discover Financial Services is a dividend paying company with a current yield of 2.23% that is well covered by earnings. Next payment date is on 6th June, 2024 with an ex-dividend date of 22nd May, 2024.
Key information
2.2%
Dividend yield
32%
Payout ratio
| Industry average yield | 2.0% |
| Next dividend pay date | 06 Jun 24 |
| Ex dividend date | 22 May 24 |
| Dividend per share | n/a |
| Earnings per share | US$8.79 |
| Dividend yield forecast in 3Y | 2.4% |
Recent dividend updates
Recent updates
Capital One Makes A Brilliant Step Forward With Discover
Mar 05Discover Financial Services: High-Yielding Digital Bank And Payment Network
Feb 05Discover Financial Services: Down But Far From Out
Jan 26Discover Financial Q4 Earnings Preview: Credit Losses Are The Primary Concern
Jan 15Discover Financial Services' (NYSE:DFS) Price Is Right But Growth Is Lacking After Shares Rocket 29%
Dec 22
Discover Financial Services: Harvesting Low-Hanging Fruit
Nov 19Discover: Q3 Results Worsen The Uncertainties Weighing On Shares
Oct 20Discover Financial: Growing Dividend, No Margin Of Safety
Oct 09Discover Financial Is An Attractive, Yet Risky Play
Sep 19Discover Financial: Credit Card Delinquencies May Soon Rise Above Normal Levels
Aug 23Discover Financial: CEO Departure And FDIC Probe Beginning (Rating Downgrade)
Aug 16Discover Financial: Don't Panic
Jul 20Discover Financial: A Modest Buy Opportunity With A Leading Global Card Network
Jun 26Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: DFS's dividends per share have been stable in the past 10 years.
Growing Dividend: DFS's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Discover Financial Services Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (DFS) | 2.2% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.7% |
| Industry Average (Consumer Finance) | 2.0% |
| Analyst forecast in 3 Years (DFS) | 2.4% |
Notable Dividend: DFS's dividend (2.23%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: DFS's dividend (2.23%) is low compared to the top 25% of dividend payers in the US market (4.7%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (31.9%), DFS's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (8.5%), DFS's dividend payments are thoroughly covered by cash flows.