Seeking Alpha

Discover plans 20% dividend hike; $1.6B buyback

  • 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.
  • Press release
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Comments (2)
  • db313706
    , contributor
    Comments (216) | Send Message
     
    One of my better positions over the last half year. Glad to hear this.
    20 Mar 2014, 04:39 PM Reply Like
  • tomlos
    , contributor
    Comments (1222) | Send Message
     
    Thank you DFS! I just started a small position last year, but certainly intend to grow it!
    20 Mar 2014, 04:41 PM Reply Like
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