Discover Financial Services Dividends

The next dividend date for Discover Financial Services has not yet been scheduled.

What is a Dividend Date

When we talk about a dividend date, we’re referring specifically to the ex-dividend date.

This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.

The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.

Most brokerages will automatically credit the dividend to your account once it’s issued.

Historical Dividends for Discover Financial Services (DFS)

Date	Declaration Date	Record Date	Payment Date	Amount
05/23/2025	01/22/2025	05/23/2025	06/06/2025	$0.70
02/20/2025	01/22/2025	02/20/2025	03/06/2025	$0.70
11/21/2024	10/16/2024	11/21/2024	12/05/2024	$0.70
08/22/2024	07/17/2024	08/22/2024	09/05/2024	$0.70
05/22/2024	04/17/2024	05/23/2024	06/06/2024	$0.70
02/21/2024	01/17/2024	02/22/2024	03/07/2024	$0.70
11/21/2023	10/18/2023	11/22/2023	12/07/2023	$0.70
08/23/2023	07/19/2023	08/24/2023	09/07/2023	$0.70
05/24/2023	04/19/2023	05/25/2023	06/08/2023	$0.70
02/22/2023	01/18/2023	02/23/2023	03/09/2023	$0.60
11/22/2022	10/24/2022	11/23/2022	12/08/2022	$0.60
10/13/2022	---	---	---	$0.60
08/24/2022	07/20/2022	08/25/2022	09/08/2022	$0.60
05/25/2022	04/27/2022	05/26/2022	06/09/2022	$0.60
02/16/2022	01/18/2022	02/17/2022	03/03/2022	$0.50
11/23/2021	10/19/2021	11/24/2021	12/09/2021	$0.50
08/18/2021	07/21/2021	08/19/2021	09/02/2021	$0.50
05/19/2021	04/20/2021	05/20/2021	06/03/2021	$0.44
02/17/2021	01/19/2021	02/18/2021	03/04/2021	$0.44
11/18/2020	10/20/2020	11/19/2020	12/03/2020	$0.44
08/19/2020	07/21/2020	08/20/2020	09/03/2020	$0.44
05/20/2020	04/21/2020	05/21/2020	06/04/2020	$0.44
02/19/2020	01/21/2020	02/20/2020	03/05/2020	$0.44
11/20/2019	10/17/2019	11/21/2019	12/05/2019	$0.44
08/21/2019	07/18/2019	08/22/2019	09/05/2019	$0.44
05/23/2019	04/18/2019	05/24/2019	06/06/2019	$0.40
02/20/2019	01/17/2019	02/21/2019	03/07/2019	$0.40
11/20/2018	10/18/2018	11/21/2018	12/06/2018	$0.40
08/22/2018	07/19/2018	08/23/2018	09/06/2018	$0.40
05/23/2018	04/20/2018	05/24/2018	06/07/2018	$0.35
02/21/2018	01/18/2018	02/22/2018	03/08/2018	$0.35
11/21/2017	10/19/2017	11/22/2017	12/07/2017	$0.35
08/22/2017	07/25/2017	08/24/2017	09/07/2017	$0.35
05/09/2017	04/20/2017	05/11/2017	05/25/2017	$0.30
02/07/2017	01/19/2017	02/09/2017	02/23/2017	$0.30
11/01/2016	10/13/2016	11/03/2016	11/17/2016	$0.30
08/02/2016	07/14/2016	08/04/2016	08/18/2016	$0.30
05/03/2016	04/14/2016	05/05/2016	05/19/2016	$0.28
02/02/2016	01/14/2016	02/04/2016	02/18/2016	$0.28
11/03/2015	10/15/2015	11/05/2015	11/19/2015	$0.28
08/04/2015	07/16/2015	08/06/2015	08/20/2015	$0.28
05/05/2015	04/16/2015	05/07/2015	05/21/2015	$0.28
02/03/2015	01/16/2015	02/05/2015	02/19/2015	$0.24
11/04/2014	10/16/2014	11/06/2014	11/20/2014	$0.24
08/05/2014	07/16/2014	08/07/2014	08/21/2014	$0.24
05/06/2014	04/16/2014	05/08/2014	05/22/2014	$0.24
02/04/2014	01/23/2014	02/06/2014	02/20/2014	$0.20
11/05/2013	10/16/2013	11/07/2013	11/21/2013	$0.20
08/06/2013	07/17/2013	08/08/2013	08/22/2013	$0.20
05/07/2013	04/16/2013	05/09/2013	05/23/2013	$0.20
12/31/2012	12/20/2012	01/03/2013	01/17/2013	$0.14
10/02/2012	09/20/2012	10/04/2012	10/18/2012	$0.10
07/02/2012	---	07/05/2012	07/19/2012	$0.10
04/03/2012	---	04/05/2012	04/19/2012	$0.10
12/27/2011	---	12/29/2011	01/19/2012	$0.10
10/04/2011	---	10/06/2011	10/20/2011	$0.06
07/05/2011	---	07/07/2011	07/21/2011	$0.06
04/05/2011	---	04/07/2011	04/21/2011	$0.06
12/27/2010	---	12/29/2010	01/20/2011	$0.02
10/05/2010	---	10/07/2010	10/21/2010	$0.02
07/02/2010	---	07/07/2010	07/22/2010	$0.02
03/30/2010	---	04/01/2010	04/22/2010	$0.02
12/29/2009	---	12/31/2009	01/21/2010	$0.02
09/29/2009	---	10/01/2009	10/22/2009	$0.02
06/29/2009	---	07/01/2009	07/22/2009	$0.02
03/30/2009	---	04/01/2009	04/22/2009	$0.02
12/30/2008	---	01/02/2009	01/22/2009	$0.06
09/29/2008	---	10/01/2008	10/22/2008	$0.06
06/27/2008	---	07/01/2008	07/22/2008	$0.06
04/01/2008	---	04/03/2008	04/22/2008	$0.06
12/31/2007	---	01/03/2008	01/22/2008	$0.06
10/03/2007	---	10/05/2007	10/23/2007	$0.06

More About Discover Financial Services

Website

https://www.discover.com

Country

USA

Full Time Employees

21,000

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; personal loans, home loans, and deposit products; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts. The Payment Services segment operates the PULSE to access automated teller machines (ATMs), debit, and electronic funds transfer network; Diners Club, a payments network; and Network Partners business, which provides payment transaction processing and settlement, merchant acquisition, ATM access, and related payments services in the global network. Discover Financial Services was incorporated in 1960 and is headquartered in Riverwoods, Illinois. As of May 18, 2025, Discover Financial Services operates as a subsidiary of Capital One Financial Corporation.

Owning Discover Financial Services Stock on the Dividend Date

If you own Discover Financial Services stock on the ex-dividend date, then you earn the associated dividend.

Theoretically, the price of Discover Financial Services stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Discover Financial Services stock).

Therefore, it is typically not expected that there is any incremental profit to be gained from buying Discover Financial Services stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Discover Financial Services dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.

Owning Discover Financial Services Options on the Dividend Date

Unlike the stock price, which will normally have an abrupt decrease by the amount of the dividend on the ex-dividend date, option prices typically do not reflect the same phenomenon.

The reason is that in the time leading up to the ex-dividend date, that projected drop in Discover Financial Services stock price from the dividend is already baked into Discover Financial Services option prices.

That means the prices of call options that overlap the Discover Financial Services ex-dividend date typically go down in the period leading up to the ex-dividend date.

The prices of put options that overlap the Discover Financial Services ex-dividend date typically go up in the period leading up to the ex-dividend date.

Owners of Discover Financial Services call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Discover Financial Services put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.

Learning More Discover Financial Services Dividends

You can contact us any time if you would like to ask questions about Discover Financial Services dividends or anything else related to the stock market.