Discover 2015 Annual Report Download - page 60

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-44-
Part II.
Part II | Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities
Common Stock Market Prices and Dividends
Our common stock is traded on the New York Stock Exchange ("NYSE") (ticker symbol DFS). The approximate
number of record holders of our common stock as of February 19, 2016 was 55,767.
The following table sets forth the quarterly high and low sales prices of a share of our common stock as
reported by the NYSE and the cash dividends we declared per share of our common stock during the quarter
indicated:
Stock Price Cash Dividends
Declared
High Low
Quarter Ended:
March 31, 2014 ............................................................................................................ $ 60.00 $ 51.63 $ 0.20
June 30, 2014 ............................................................................................................... $ 62.62 $ 54.35 $ 0.24
September 30, 2014 ...................................................................................................... $ 65.98 $ 59.00 $ 0.24
December 31, 2014 ....................................................................................................... $ 66.75 $ 60.15 $ 0.24
Quarter Ended:
March 31, 2015 ............................................................................................................ $ 66.02 $ 54.02 $ 0.24
June 30, 2015 ............................................................................................................... $ 60.57 $ 56.17 $ 0.28
September 30, 2015 ...................................................................................................... $ 59.88 $ 50.36 $ 0.28
December 31, 2015 ....................................................................................................... $ 58.08 $ 50.20 $ 0.28
In the second quarter of 2015, we increased our quarterly common stock dividend from $0.24 per share to
$0.28 per share and maintained a $0.28 per share dividend for each of the third and fourth quarters of 2015.
Although we expect to continue our policy of paying regular cash dividends, we cannot assure that we will do so in the
future. For more information, including conditions and limits on our ability to pay dividends, see "Business —
Supervision and Regulation — Capital, Dividends and Share Repurchases," "Risk Factors — Credit, Market and
Liquidity Risk — We may be limited in our ability to pay dividends on and repurchase our stock" and "— We are a
holding company and depend on payments from our subsidiaries," "Management's Discussion and Analysis of
Financial Condition and Results of Operations — Liquidity and Capital Resources — Capital" and Note 18: Capital
Adequacy to our consolidated financial statements.