Synovus Announces Quarterly Dividends

Rhea-AI Summary

Synovus Financial Corp. has declared its quarterly dividends for shareholders. A payment of $0.34 per share on common stock will be made on April 1, 2022, to shareholders of record as of March 17, 2022. Additionally, $0.39375 per share will be paid on Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, on March 21, 2022, to shareholders of record by March 15, 2022. The company also announced a $0.3671875 dividend on Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on April 1, 2022.

Positive

• $0.34 per share dividend on common stock boosts shareholder income.
• Company maintains consistent dividend payouts despite market fluctuations.

Negative

• None.

COLUMBUS, Ga.--(BUSINESS WIRE)-- The Board of Directors of Synovus Financial Corp. (NYSE: SNV) has declared the following quarterly dividends:

• $0.34 per share on the company’s common stock, payable on April 1, 2022, to shareholders of record as of March 17, 2022.
• $0.39375 per share on the company’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on March 21, 2022, to shareholders of record as of March 15, 2022.
• $0.3671875 per share on the company’s Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on April 1, 2022, to shareholders of record as of March 15, 2022.

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $57 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 277 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/20220303005077/en/

Cal Evans

Investor Relations

706.644.8084

Source: Synovus Financial Corp.

FAQ

What is the dividend amount for Synovus Financial Corp. (SNV)?

Synovus Financial Corp. (SNV) has declared a dividend of $0.34 per share on common stock.

When is the next dividend payment for SNV?

The next dividend payment for SNV is scheduled for April 1, 2022.

What are the record dates for Synovus dividends?

The record date for the common stock dividend is March 17, 2022, and for the preferred stock dividends, it's March 15, 2022.

How often does Synovus Financial Corp. pay dividends?

Synovus Financial Corp. typically pays dividends quarterly.

Are the dividends for SNV sustainable?

The sustainability of dividends typically depends on the company's ongoing profitability and financial health.