Discover plans 20% dividend hike; $1.6B buyback

|About: Discover Financial Services (DFS)|By:, SA News Editor

Following its passing performance in the Fed stress test, Discover (DFS) releases its proposed 2014 capital plan - a boost in the quarterly dividend to $0.24 per share from $0.20 and a buyback program of $1.6B. The Fed's decision on this proposal will be released in a week.