Synchrony Announces Quarterly Common Stock Dividend of $0.25 Per Share

Rhea-AI Summary

Synchrony Financial (NYSE: SYF) has announced its latest dividend declarations. The company's Board of Directors has declared a quarterly cash dividend of $0.25 per share of common stock, payable on February 18, 2025, to shareholders of record as of February 3, 2025.

Additionally, the Board declared quarterly cash dividends for two preferred stock series: The Series A Preferred Stock will pay approximately $14.06 per share ($0.351563 per depositary share), and the Series B Preferred Stock will pay approximately $20.63 per share ($0.515625 per depositary share). Both preferred stock dividends share the same payment and record dates as the common stock dividend.

Positive

• Maintained quarterly dividend of $0.25 per share, indicating financial stability
• Consistent dividend payments across both common and preferred stock classes

Negative

• None.

News Market Reaction – SYF

+1.47%

1 alert

+1.47% News Effect

On the day this news was published, SYF gained 1.47%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Company also declares preferred stock dividends

STAMFORD, Conn., Jan. 21, 2025 /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 February 18, 2025 to holders of record at the close of business on February 3, 2025.

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 February 18, 2025 to holders of record at the close of business on February 3, 2025.

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 Financial

FAQ

When is Synchrony's (SYF) next dividend payment date in 2025?

Synchrony's next dividend payment date is February 18, 2025.

What is Synchrony's (SYF) quarterly dividend amount for Q1 2025?

Synchrony's quarterly dividend amount is $0.25 per share of common stock.

What is the record date for Synchrony's (SYF) February 2025 dividend?

The record date for Synchrony's February 2025 dividend is February 3, 2025.

How much is Synchrony's (SYF) Series A Preferred Stock dividend per depositary share?

Synchrony's Series A Preferred Stock dividend is $0.351563 per depositary share.

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

Synchrony's Series B Preferred Stock pays $0.515625 per depositary share.