Synchrony Announces Quarterly Common Stock Dividend of $0.25 Per Share

Rhea-AI Summary

Synchrony Financial (NYSE: SYF) has announced a quarterly cash dividend of $0.25 per share of common stock, payable on August 15, 2024 to holders of record as of August 5, 2024. Additionally, the company declared dividends for its Series A and Series B Preferred Stock. The Series A Preferred Stock will pay approximately $14.06 per share (equivalent to $0.351563 per depositary share), while the Series B Preferred Stock will pay approximately $20.63 per share (equivalent to $0.515625 per depositary share). These preferred stock dividends are also payable on August 15, 2024 to holders of record as of August 5, 2024.

Positive

• Consistent quarterly dividend payment of $0.25 per common share
• Continued dividend payments on preferred stock series A and B

Negative

• None.

News Market Reaction – SYF

-1.83%

1 alert

-1.83% News Effect

On the day this news was published, SYF declined 1.83%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Company also declares preferred stock dividends

STAMFORD, Conn., July 23, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock, payable on August 15, 2024 to holders of record at the close of business on August 5, 2024.

The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock") and 8.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B (the "Series B Preferred Stock").  Each outstanding share of the Series A Preferred Stock and Series B Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share.  The dividends of approximately $14.06 per share on the Series A Preferred Stock (equivalent to $0.351563 per outstanding depositary share) and approximately $20.63 per share on the Series B Preferred Stock (equivalent to $0.515625 per outstanding depositary share) are payable on August 15, 2024 to holders of record at the close of business on August 5, 2024.

About Synchrony

Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our "partners."  We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences.  We offer the right financing products to the right customers in their channel of choice. For more information, visit www.synchrony.com.

Contacts

Investor Relations:
Kathryn Miller
Synchrony
kathryn.miller@syf.com
(203) 585-6291

Media Relations:
Lisa Lanspery
Synchrony
lisa.lanspery@syf.com
(203) 585-6143

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SOURCE Synchrony

FAQ

What is Synchrony Financial's (SYF) quarterly dividend for common stock in 2024?

Synchrony Financial (SYF) has declared a quarterly cash dividend of $0.25 per share of common stock for 2024.

When is the payment date for Synchrony Financial's (SYF) latest dividend?

The payment date for Synchrony Financial's (SYF) latest dividend is August 15, 2024.

What is the record date for Synchrony's (SYF) common and preferred stock dividends?

The record date for Synchrony's (SYF) common and preferred stock dividends is August 5, 2024.

How much is the dividend for Synchrony's (SYF) Series A Preferred Stock?

The dividend for Synchrony's (SYF) Series A Preferred Stock is approximately $14.06 per share, equivalent to $0.351563 per depositary share.

What is the dividend amount for Synchrony's (SYF) Series B Preferred Stock?

The dividend for Synchrony's (SYF) Series B Preferred Stock is approximately $20.63 per share, equivalent to $0.515625 per depositary share.