DFS Discover Financial Services dividend history, payout ratio & dates
Discover Financial Services's most recent cash dividend of $0.7 per share was issued to shareholders on record before Aug 22, 2024. The payout stands at $2.8 per share annually, which works out to a dividend yield of 1.86%.
Key dates
- DFS last dividend date: Aug 22, 2024
DFS dividend stats
vs. Financial Services sector
Dividend yield
DFS has a dividend yield of 1.86% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 2.78%, Discover Financial Services's dividend yield is 33% lower. The current dividend yield is lower than the historical average of 2.3% of the last 5 years.
Dividend history
Discover Financial Services has been paying dividends for the last 17 years. According to our data DFS has distributed four quarterly dividends in the past year. The annualized dividend per share has grown by 8% for the last twelve months. However since the stock price has gone up by 87% from a year ago, the dividend yield has decreased by 42%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Aug 22, 2024 | $0.7 | 2.13% |
| May 22, 2024 | $0.7 | 2.25% |
| Feb 21, 2024 | $0.7 | 2.32% |
| Nov 21, 2023 | $0.7 | 3.14% |
| Aug 23, 2023 | $0.7 | 2.93% |
| May 24, 2023 | $0.7 | 2.51% |
| Feb 22, 2023 | $0.6 | 2.19% |
| Nov 22, 2022 | $0.6 | 2.13% |
| Aug 24, 2022 | $0.6 | 2.11% |
| May 25, 2022 | $0.6 | 1.95% |
| Feb 16, 2022 | $0.5 | 1.53% |
| Nov 23, 2021 | $0.5 | 1.57% |
| Aug 18, 2021 | $0.5 | 1.41% |
| May 19, 2021 | $0.44 | 1.53% |
| Feb 17, 2021 | $0.44 | 1.92% |
| Nov 18, 2020 | $0.44 | 2.31% |
| Aug 19, 2020 | $0.44 | 3.46% |
| May 20, 2020 | $0.44 | 4.29% |
| Feb 19, 2020 | $0.44 | 2.28% |
| Nov 20, 2019 | $0.44 | 2.03% |
| Aug 21, 2019 | $0.44 | 2.06% |
| May 23, 2019 | $0.4 | 2.09% |
| Feb 20, 2019 | $0.4 | 2.16% |
| Nov 20, 2018 | $0.4 | 2.2% |
| Aug 22, 2018 | $0.4 | 1.84% |
| May 23, 2018 | $0.35 | 1.82% |
| Feb 21, 2018 | $0.35 | 1.72% |
| Nov 21, 2017 | $0.35 | 1.98% |
| Aug 22, 2017 | $0.35 | 2.1% |
| May 9, 2017 | $0.3 | 1.98% |
| Feb 7, 2017 | $0.3 | 1.72% |
| Nov 1, 2016 | $0.3 | 2.07% |
| Aug 2, 2016 | $0.3 | 2.05% |
| May 3, 2016 | $0.28 | 2.02% |
| Feb 2, 2016 | $0.28 | 2.49% |
| Nov 3, 2015 | $0.28 | 1.92% |
| Aug 4, 2015 | $0.28 | 1.9% |
| May 5, 2015 | $0.28 | 1.71% |
| Feb 3, 2015 | $0.24 | 1.7% |
Discover Financial Services dividend payout ratio
Payout ratio
DFS has a payout ratio of 24.7% which is lower than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 43.2%, Discover Financial Services's payout ratio is 43% lower.
Total amount of dividends paid per financial year (from cash flow)
DFS dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| TFSL TFS Financial CORP | 8.54% | $1.13 | 403.6% |
| ZION Zions Bancorporation National Association | 3.08% | $1.64 | 39.5% |
| DFS Discover Financial Services | 1.79% | $2.8 | 24.7% |
| COF Capital One Financial Corp | 1.44% | $2.4 | 22.5% |
Frequently asked questions
Does Discover Financial Services pay a dividend?
Yes, Discover Financial Services has been paying dividends for the last 17 years.
When was DFS's last dividend?
Discover Financial Services's last dividend ex-date was on Aug 22, 2024. The dividend amount was $0.7 per share.
How much dividend does Discover Financial Services pay (per share)?
DFS's annualized dividend per share is $2.8.
What is Discover Financial Services's dividend yield?
Discover Financial Services's current dividend yield is 1.86%.
How often does Discover Financial Services pay dividends?
Discover Financial Services pays four dividends per year.
What is Discover Financial Services's dividend payout ratio?
The dividend payout ratio of Discover Financial Services is 24.7%.
Does Discover Financial Services pay a good dividend?
Discover Financial Services's dividend yield is lower than the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.