Synovus Announces Quarterly Dividends

Rhea-AI Summary

Synovus Financial Corp has declared quarterly dividends for shareholders. The dividends include $0.33 per share on common stock, payable on July 1, 2021, to shareholders of record as of June 17, 2021. Additionally, $0.39375 per share for Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on June 21, 2021, and $0.3671875 per share for Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on July 1, 2021, to shareholders of record as of June 15, 2021. Synovus holds approximately $55 billion in assets and serves customers across five states.

Positive

• $0.33 quarterly dividend per share on common stock reflects steady income for investors.
• Dividends paid on preferred stock indicate commitment to shareholder returns.
• Company's substantial asset base ($55 billion) supports financial stability.

Negative

• None.

The Board of Directors of Synovus Financial Corp. (NYSE: SNV) has declared the following quarterly dividends:

• $0.33 per share on the company’s common stock to shareholders of record as of June 17, 2021, payable on July 1, 2021.
• $0.39375 per share on the company’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, to shareholders of record as of June 15, 2021, payable on June 21, 2021.
• $0.3671875 per share on the company’s Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, to shareholders of record as of June 15, 2021, payable on July 1, 2021.

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $55 billion in assets. Synovus provides commercial and retail banking and a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, and international banking through 285 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com, and on Twitter, Facebook, LinkedIn, and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210603005794/en/

FAQ

What is the dividend amount declared by Synovus Financial Corp (SNV)?

Synovus Financial Corp declared a $0.33 dividend per share on its common stock.

When will the Synovus Financial Corp (SNV) dividends be paid?

The dividends will be paid on July 1, 2021, for common stock and Series E preferred stock; Series D preferred stock dividends will be paid on June 21, 2021.

Who are the shareholders of record for the Synovus Financial Corp (SNV) dividends?

Shareholders of record as of June 17, 2021, for common stock and June 15, 2021, for both Series D and Series E preferred stocks are eligible for the dividends.

How does Synovus Financial Corp (SNV) maintain dividend payments?

Synovus maintains dividend payments through its substantial asset base, approximately $55 billion, ensuring financial stability.