Discover Financial Services (Discover Financial Services) Dividend Payout Ratio

: 0.46 (As of Dec. 2023)

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Discover Financial Services's dividend payout ratio for the months ended in Dec. 2023 was 0.46.

The historical rank and industry rank for Discover Financial Services's Dividend Payout Ratio or its related term are showing as below:

DFS' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.2 Max: 0.47
Current: 0.24

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.

DFS's Dividend Payout Ratio is ranked better than
61.96% of 184 companies
in the Credit Services industry
Industry Median: 0.33 vs DFS: 0.24

As of today (2024-04-17), the Dividend Yield % of Discover Financial Services is 2.34%.

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

Discover Financial Services's Dividends per Share for the months ended in Dec. 2023 was $0.70.

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.

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.

The growth rate is calculated with least square regression.

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

Discover Financial Services Dividend Payout Ratio Historical Data

The historical data trend for Discover Financial Services's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Discover Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.19

0.47

0.10

0.15

0.24

Discover Financial Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																0.16	0.17	0.20	0.27	0.46

Competitive Comparison

For the Credit Services subindustry, Discover Financial Services's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution

For the Credit Services industry and Financial Services sector, Discover Financial Services's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Discover Financial Services's Dividend Payout Ratio falls into.

Discover Financial Services Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

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

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	2.7	/	11.311
	=	0.24

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

Discover Financial Services (NYSE:DFS) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Discover Financial Services Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Discover Financial Services's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Discover Financial Services (Discover Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Discover Financial Services (NYSE:DFS) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

DC7:Germany DC7:Germany

Address

2500 Lake Cook Road, Riverwoods, IL, USA, 60015

Website

https://www.discover.com

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