discover financial services (DFS) Key Developments
Discover Financial Services Announces Quarterly Cash Dividend on Preferred Stock, Payable on June 1, 2015; Declares Quarterly Cash Dividend on Common Stock, Payable on May 21, 2015
Apr 17 15
Discover Financial Services announced an increased in the quarterly common stock dividend from $0.24 to $0.28 per share of common stock payable on May 21, 2015, to holders of record at the close of business on May 7, 2015. The company’s Board of Directors also 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 June 1, 2015, to the holders of record at the close of business on May 15, 2015.
Discover Financial Services Announces Plans to Increase Quarterly Dividend
Mar 11 15
Discover Financial Services announced that the Board of Governors of the Federal Reserve System notified Discover that it has no objections to the capital actions through June 30, 2016 as set forth in the company's capital plan. The plan includes an increase in the company's next quarterly dividend from $0.24 to $0.28 per share of common stock and share repurchases of up to $2.2 billion during the five quarters ending June 30, 2016.
Discover Financial Seeks Acquisitions
Mar 10 15
Discover Financial Services (NYSE:DFS) said that it would look at strategic portfolio acquisitions and traditional M&A.
Discover Financial Services Presents at KBW Cards, Payments & Financial Technology Symposium, Mar-10-2015 08:00 AM
Mar 4 15
Discover Financial Services Presents at KBW Cards, Payments & Financial Technology Symposium, Mar-10-2015 08:00 AM. Venue: Mandarin Oriental Hotel, New York, New York, United States.
Discover Financial Services Faces Patent Infringement Lawsuit
Mar 2 15
Maxim Integrated Products filed a patent infringement lawsuit against Discover Financial Services in the U.S. District Court for the Western District of Texas. Technology company Maxim Integrated Products Inc. on Nov. 21, 2014, filed a patent infringement lawsuit against Discover Financial Services in the U.S. District Court for the Western District of Texas, according to Discover's Form 10-K filed Feb. 25. The complaint asserts that Discover infringed on three patents owned by Maxim relating to various systems and methods for performing secure transactions using mobile devices, and involving secure exchanges of information using mobile encryption and decryption. The plaintiff seeks unspecified damages for alleged past infringement, an award of attorneys fees and expenses, and a permanent injunction. Discover said it will vigorously defend against the claims asserted in the lawsuit.