Discover Financial Services (DFS) Plans Quarterly Dividend of $0.24
Discover Financial Services (NYSE:DFS) declared a quarterly dividend on Wednesday, July 16th, Stock Ratings Network.com reports. Stockholders of record on Thursday, August 7th will be given a dividend of 0.24 per share on Thursday, August 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.50%.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Discover Financial Services in a research note on Wednesday. They now have a $65.00 price target on the stock, up previously from $59.00. On a related note, analysts at Citigroup Inc. raised their price target on shares of Discover Financial Services from $63.00 to $72.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Discover Financial Services from $62.00 to $71.00 in a research note on Monday. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $65.59.
Shares of Discover Financial Services (NYSE:DFS) traded up 0.93% on Wednesday, hitting $64.02. 2,788,083 shares of the company’s stock traded hands. Discover Financial Services has a one year low of $46.93 and a one year high of $63.57. The stock’s 50-day moving average is $61.47 and its 200-day moving average is $57.61. The company has a market cap of $29.851 billion and a P/E ratio of 12.85.
Discover Financial Services (NYSE:DFS) last announced its earnings results on Tuesday, April 22nd. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.26 by $0.05. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. On average, analysts predict that Discover Financial Services will post $5.28 earnings per share for the current fiscal year.
Discover Financial Services is a direct banking and payment services company. The Company is a bank holding company and a financial holding company.
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