Synchrony Announces Quarterly Common Stock Dividend of $0.25 Per Share

Rhea-AI Summary

Synchrony Financial (NYSE: SYF) has announced its quarterly dividend payments. The company will pay a cash dividend of $0.25 per share of common stock on November 15, 2024, to shareholders of record as of November 4, 2024. Additionally, the company declared dividends for its preferred stock: Series A at $14.06 per share ($0.351563 per depositary share) and Series B at $20.63 per share ($0.515625 per depositary share), both payable on the same dates as the common stock dividend.

Positive

• Maintaining consistent quarterly dividend payments, showing financial stability
• Ability to support both common and preferred stock dividend payments

Negative

• None.

Company also declares preferred stock dividends

STAMFORD, Conn., Oct. 24, 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 November 15, 2024 to holders of record at the close of business on November 4, 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 November 15, 2024 to holders of record at the close of business on November 4, 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 Financial

FAQ

When will Synchrony (SYF) pay its next dividend?

Synchrony will pay its next dividend on November 15, 2024, to shareholders of record as of November 4, 2024.

How much is Synchrony's (SYF) quarterly dividend per share?

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

What is the dividend amount for Synchrony's (SYF) preferred stock?

Series A preferred stock dividend is $14.06 per share ($0.351563 per depositary share), and Series B is $20.63 per share ($0.515625 per depositary share).

What is the record date for Synchrony's (SYF) Q4 2024 dividend?

The record date for Synchrony's dividend is November 4, 2024.