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Discover Financial Services (Discover Financial Services) 3-Year Dividend Growth Rate

: 15.30% (As of Dec. 2023)
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Discover Financial Services's Dividends per Share for the three months ended in Dec. 2023 was $0.70.

The historical rank and industry rank for Discover Financial Services's 3-Year Dividend Growth Rate or its related term are showing as below:

DFS' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -5.9   Med: 12.65   Max: 95.7
Current: 15.3

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Discover Financial Services was 95.70% per year. The lowest was -5.90% per year. And the median was 12.65% per year.

DFS's 3-Year Dividend Growth Rate is ranked better than
69.7% of 132 companies
in the Credit Services industry
Industry Median: 8.35 vs DFS: 15.30

During the past 12 months, Discover Financial Services's average Dividends Per Share Growth Rate was 17.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 15.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 11.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 13.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Discover Financial Services's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.46. As of today, Discover Financial Services's Dividend Yield % is 2.20%.

Warning Sign:

Discover Financial Services stock dividend yield is close to 1-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Credit Services subindustry, Discover Financial Services's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Discover Financial Services 3-Year Dividend Growth Rate Distribution

For the Credit Services industry and Financial Services sector, Discover Financial Services's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Discover Financial Services's 3-Year Dividend Growth Rate falls into.



Discover Financial Services 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Discover Financial Services  (NYSE:DFS) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Discover Financial Services's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.7/ 1.54
=0.45

During the past 13 years, the highest Dividend Payout Ratio of Discover Financial Services was 0.47. The lowest was 0.10. And the median was 0.20.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Discover Financial Services Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.7002024-02-212024-02-222024-03-07Cash DividendquarterlyUSD:USD 1.000000
USD 0.7002023-11-212023-11-222023-12-07Cash DividendquarterlyUSD:USD 1.000000
USD 0.7002023-08-232023-08-242023-09-07Cash DividendquarterlyUSD:USD 1.000000
USD 0.7002023-05-242023-05-252023-06-08Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Discover Financial Services's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=2.8/129.24
=2.17 %

Current Share Price is $129.24.
Discover Financial Services's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.8.

During the past 13 years, the highest Dividend Yield of Discover Financial Services was 6.65%. The lowest was 0.62%. And the median was 1.91%.

Warning Sign:

Discover Financial Services stock dividend yield is close to 1-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Discover Financial Services 3-Year Dividend Growth Rate Related Terms>


Discover Financial Services (Discover Financial Services) Business Description

Traded in Other Exchanges
Address
2500 Lake Cook Road, Riverwoods, IL, USA, 60015
Discover Financial Services is a bank operating in two distinct segments: direct banking and payment services. The company issues credit and debit cards and provides other consumer banking products including deposit accounts, students loans, and other personal loans. It also operates the Discover, Pulse, and Diners Club networks. The Discover network is the fourth-largest payment network in the United States as ranked by overall purchase volume, and Pulse is one of the largest ATM networks in the country.
Executives
Kathy Lonowski director 2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Michael Shepherd director 567 HALE STREET, PALO ALTO CA 94301
Jason Strle officer: EVP, Chief Information Officer 2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Jason P. Hanson officer: EVP, Pres. - Payment Services 2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Daniela O'leary-gill director 2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Beverley A Sibblies director 2700 SANDERS ROAD, PROSPECT HEIGHTS IL 60070
Robert Andrew Eichfeld officer: EVP - Chief HR & Admin Officer 2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Carlos Minetti officer: EVP, Pres. - Consumer Banking 2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Hope Mehlman officer: EVP, Chief Legal Officer & GC 2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Michael H Moskow director 444 WEST LAKE STREET, STE. 4700, CHICAGO IL 60606
John B Owen director REGIONS FINANCIAL CORPORATION, 1900 5TH AVENUE NORTH, 21ST FLOOR, BIRMINGHAM AL 35203
John Greene officer: EVP & Chief Financial Officer 51 LIME STREET, LONDON X0 EC3M 7DQ
Shifra Kolsky officer: SVP, Controller and CAO 2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Michael E Roemer officer: EVP, Chief Risk Officer AMERICAN INTERNATIONAL GROUP, INC., 70 PINE STREET, NEW YORK NY 10270
Daniel Peter Capozzi officer: EVP, Pres - Cr Ops & Dec Mgmt 2500 LAKE COOK ROAD, RIVERWOODS IL 60015