A fixed-to-floating rate non-cumulative perpetual preferred stock is a hybrid investment that pays a set dividend for an initial period and then switches to a variable dividend tied to market rates, has no maturity date so the principal isn’t repaid, and does not require the issuer to make up missed dividend payments. Investors care because it offers income that can rise with interest rates but carries call, credit and interest-rate risk and sits ahead of common shares for payouts.
A fixed-rate reset non-cumulative perpetual preferred stock is a type of permanent equity that pays a set dividend for an initial period, then periodically resets that dividend to a new rate (usually tied to a market benchmark), has no maturity date, and does not accumulate unpaid dividends if the issuer skips payments. Think of it like a never-ending bond whose interest rate is fixed for a time then adjusted, but where missed payments are forgone rather than owed later. Investors care because it offers income with changing interest-rate exposure and higher risk than debt, including dependence on the issuer’s ability to pay and subordination behind creditors.
COLUMBUS, Ga.--(BUSINESS WIRE)--
The board of directors of Synovus Financial Corp. (NYSE: SNV) has declared the following quarterly dividends:
$0.39 per share on the company’s common stock, payable on Dec. 24, 2025, to shareholders of record as of Dec. 18, 2025.
$0.48193 per share on the company’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on Dec. 22, 2025, to shareholders of record as of Dec. 15, 2025.
$0.52481 per share on the company’s Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on Jan. 2, 2026, to shareholders of record as of Dec. 15, 2025.
Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Synovus provides commercial and consumer banking and a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has branches in Georgia, Alabama, Florida, South Carolina and Tennessee. Synovus is a Great Place to Work-Certified Company. Learn more about Synovus at synovus.com.
