NEW YORK ( TheStreet) -- The ex-dividend date for Discover Financial Services (NYSE: DFS) is tomorrow, October 4, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $22.81 as of 9:30 a.m. ET, the dividend yield is 1%. The average volume for Discover Financial Services has been 7.7 million shares per day over the past 30 days. Discover Financial Services has a market cap of $13 billion and is part of the financial sector and financial services industry. Shares are up 23.8% year to date as of the close of trading on Friday. Discover Financial Services, a bank holding company, offers direct banking and payment services in the United States. It operates in two segments: Direct Banking and Payment Services. The company has a P/E ratio of 6.3, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
- Practice your dividend trading strategies and win cash in our stock game.