Synchrony Financial Stock Price, News & Analysis

Synchrony (NYSE: SYF) has released a study revealing that horse owners significantly underestimate the lifetime cost of horse care, estimated between $300,000 and $924,000. Although 83% of owners feel financially prepared, actual expenses may be three to four times higher than anticipated. For competitive horses, costs can reach $1,000,000, while recreational horses range from $295,000 to $400,000. Annual expenses are projected between $8,600 and $26,000, excluding events. Unexpected medical bills often trigger stress, with many owners willing to apply for dedicated veterinary finance options. The study emphasizes the importance of financial preparedness for horse ownership over a typical lifespan of 25 years.

Synchrony Financial (NYSE: SYF) announced an incremental share repurchase program of up to $1.0 billion starting this quarter through June 30, 2024. This new authorization increases the total share repurchase amount to approximately $1.3 billion following $300 million remaining under its prior plan as of March 31, 2023. Furthermore, the company intends to raise its quarterly cash dividend from $0.23 to $0.25 per share, effective in the third quarter of 2023. The share buyback will be executed based on market conditions and regulatory permissions.