Discover Financial Services's Non-Cumulative Perpetual Preferred Stock, Series B About To Put More Money In Your Pocket

On 11/13/13, Discover Financial Services's Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (NYSE: DFS.PRB) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 12/2/13. As a percentage of DFS.PRB's recent share price of $23.95, this dividend works out to approximately 1.70%, so look for shares of DFS.PRB to trade 1.70% lower -- all else being equal -- when DFS.PRB shares open for trading on 11/13/13. On an annualized basis, the current yield is approximately 6....