Dallas, Texas 02/10/2014 (FINANCIALSTRENDS) – Recently 4th Feb saw Discover Financial Services (NYSE:DFS) trading ex-dividend. As per the company a cash dividend payment of $0.2 per share has been scheduled and the payment will be credited into shareholders account on 20th February, 2014. Company also made cleared that those who bought DFS shares prior to ex-dividend date will also be eligible for the dividend payout. This is the 4th straight quarter where DFS has declared the dividend for the share holders.
During the last trading session DFS shares closed at around $53.65. The 52 week high of Discover Financial Services is $56.20 and its 52 week low is $37.24. One of the leading investment and trading firm has forecasted an earnings growth of 3.67% for the year 2014 for Discover Financial Services. It is against the industry average of 8.7%.
An Overview of Discover Financial Services (NYSE:DFS)
Discover Financial Services is a part of financial sector that includes companies such as American Express and McGraw Hill Financial. The current EPS of Discover Financial Services is quite good and it is a clear cut indicator of company’s profitability. Zacks International has maintained a buy rating on this stock and the reason is its strong posting of 4th quarter results.
DFS’s top line also performed pretty well due to good loan growth and higher net interest margin in the direct banking segment. Moreover company is also planning to collaborate with FIDO that is Fast Identity Online alliance and this alliance will help the DFS to secure information as well enhance the customer satisfaction levels. Another best part that has happened is that company is going to open its franchises in emerging countries such as India as well as markets such as Russia and China. Zacks has maintained a growth rate target of 10.5% for this stock in the near future.