Discover Financial Services Declares Preferred Stock Dividend

  Discover Financial Services Declares Preferred Stock Dividend

Business Wire

RIVERWOODS, Ill. -- January 23, 2013

The Board of Directors of Discover Financial Services declared a quarterly
cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock,
Series B, in the amount of $16.25 per share. The dividend equals $0.40625 per
depositary share, each representing 1/40th interest in a share of the Series B
Preferred Stock. The dividend will be payable on March 1, 2013, to the holders
of record at the close of business on Feb. 14, 2013.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S. financial
services. Since its inception in 1986, the company has become one of the
largest card issuers in the United States. The company operates the Discover
card, America's cash rewards pioneer, and offers home loans, private student
loans, personal loans, online savings accounts, certificates of deposit and
money market accounts through its direct banking business. Its payment
businesses consist of Discover Network, with millions of merchant and cash
access locations; PULSE, one of the nation's leading ATM/debit networks; and
Diners Club International, a global payments network with acceptance in more
than 185 countries and territories. For more information, visit
www.discoverfinancial.com.

Contact:

Discover Financial Services
Investor Contact:
Bill Franklin
Investor Relations
224-405-1902
williamfranklin@discover.com
or
Media Contact:
Jon Drummond
Public Relations
224-405-1888
jondrummond@discover.com
 
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