How To Earn $500 A Month From Discover Financial Stock Amid Regulatory Scrutiny
Portfolio Pulse from AJ Fabino
Shares of Discover Financial Services (NYSE:DFS) sold off more than 15% due to ongoing discussions with regulators regarding credit card misclassifications. The company has set aside $365 million to compensate affected merchants. Despite the regulatory issues and share sell-off, Discover's high dividend payout makes it a candidate for investors seeking consistent dividend income. To earn $500 per month from Discover's dividends, an investment of about $260,869.57, or 2,546 shares, is needed.
July 20, 2023 | 7:59 pm
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Discover Financial Services' shares dropped due to regulatory scrutiny. However, its high dividend payout could attract investors seeking consistent income.
The regulatory scrutiny and subsequent sell-off of shares have negatively impacted Discover Financial Services' stock price in the short term. However, the company's high dividend payout could potentially attract investors seeking consistent income, which may help to stabilize the stock price over time.
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