Discover Financial Services declared a quarterly cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $16.25 per share. The dividend will be payable on March 3, 2014, to the holders of record at the close of business on February 14, 2014.

The Board of Directors also declared a quarterly cash dividend of $0.20 per share of common stock payable on February 20, 2014, to holders of record at the close of business on February 6, 2014.

The company reported unaudited earnings results for the fourth quarter ended December 31, 2013. For the quarter, the company reported net income of $602 million, as compared to $539 million for the fourth quarter of 2012. The company's return on equity for the quarter was 22%. Net interest income was $1,569 million compared with $1,428 million a year ago. Income before income taxes was $937 million compared with $843 million a year ago. Net income allocated to common stockholders was $588 million or $1.23 per diluted share compared with $530 million or $1.06 per diluted share a year ago. As on December 31, 2013, the company's book value per share was $22.89.