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

On 2/11/15, 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 3/2/15. As a percentage of DFS.PRB's recent share price of $26.37, this dividend works out to approximately 1.54%, so look for shares of DFS.PRB to trade 1.54% lower — all else being equal — when DFS.PRB shares open for trading on 2/11/15. On an annualized basis, the current yield is approximately 6.1...