Synovus Announces Quarterly Dividends

Rhea-AI Summary

The Board of Directors of Synovus Financial Corp. (NYSE: SNV) has declared quarterly dividends for its common and preferred stocks. Shareholders will receive $0.33 per share on common stock, payable on January 4, 2021, to those on record as of December 17, 2020. For the Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, the dividend is $0.39375, payable on December 21, 2020, to shareholders of record as of December 15, 2020. Additionally, Series E stock will yield $0.3671875, payable on January 4, 2021, also to those on record by December 15, 2020.

Positive

• Quarterly dividend of $0.33 per share on common stock indicates ongoing profitability.
• Dividends show company confidence in financial stability despite market conditions.

Negative

• None.

COLUMBUS, Ga.--(BUSINESS WIRE)--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, payable on January 4, 2021, to shareholders of record as of December 17, 2020.
• $0.39375 per share on the company’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on December 21, 2020, to shareholders of record as of December 15, 2020.
• $0.3671875 per share on the company’s Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on January 4, 2021, to shareholders of record as of December 15, 2020.

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $53 billion in assets. Synovus provides commercial and retail banking, investment, and mortgage services through 289 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Bank, a wholly owned subsidiary of Synovus, has been recognized as one of the country's “Most Reputable Banks” by American Banker and the Reputation Institute. Synovus is on the web at synovus.com, and on Twitter, Facebook, LinkedIn, and Instagram.