Ahead

Rebounding from recession could prove tougher in months ahead

After suffering the steepest and fastest recession in history amid the COVID-19 pandemic, the U.S. economy began to recover in May and June at a more robust pace than most analysts expected.  



a close up of a logo: 6_charts_econ


© Javier Zarracina
6_charts_econ

Economists largely credit trillions of dollars in federal aid that kept consumers spending, including $1,200 stimulus checks, generous unemployment benefits, and forgivable federal loans to small businesses that retained or rehired employees.

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But clawing back the rest of the lost ground is likely to be a tougher slog. The federal programs are expiring unless Congress quickly votes to extend them in some form. Some companies, particularly in travel and retail, are laying off workers permanently. And amid spikes in coronavirus cases across much of the country, many states are at least partly shutting down businesses that had reopened.

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Discover Financial Services Declares Its Next Dividend Ahead of Earnings Release

Discover Financial Services (NYSE:DFS) stock was on the rise Wednesday in the brief period between its latest dividend declaration and the release of its second-quarter results. Discover’s board of directors has declared a quarterly payout of $0.44 per share of the company’s common stock, which yields just under 3.5% at the current share price. This is to be handed out on Sept. 3 to shareholders of record as of Aug. 20.

That amount matches each of the last four distributions. Since mid-2013, the dividend has risen steadily, from $0.20 per share to the present level.

Man putting a card reading DIVIDENDS into his suit breast pocket.

Image source: Getty Images.

Discover is unique among its peers. Although it has a large payment card operation and is therefore part of the group that includes mighty Visa, Mastercard, and American Express, it also has a sizable online bank. 

That isn’t necessarily a comfortable blend at the moment, since banks are

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