Discover Financial hikes dividend by 13.6%

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Discover Financial Services (DFS) will raise its quarterly dividend by 13.6 percent to 50 cents per share in 2021. This follows a dividend hike of 10.0 percent to $0.44 per share in 2019. This marks the 11th consecutive year of annual dividend increases by the company.

The next dividend is payable on September 2, 2021, to holders of record at the close of business on August 19, 2021. A new annual rate of $2.00 per share yields 1.6% at a stock price of $123.

Discover Financial Services is a direct banking and payment services company. It provides direct banking products and services, and payment services through its subsidiaries. It offers its customers credit card loans, private student loans, personal loans, home equity loans and deposit products. The company issues the Discover card, operates the Discover Network, PULSE and Diners Club International.

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Nike hikes dividend by 2.5%

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On November 20, Nike (NKE) announced a 2.5% dividend increase , lifting its quarterly payout to $0.41 per share . Based on a share price of $63 , the dividend now yields 2.7% . This marks Nike’s 24th consecutive year of dividend growth.
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