Synovus Announces Quarterly Dividends

Rhea-AI Summary

The Board of Directors of Synovus Financial Corp (NYSE: SNV) has announced quarterly dividends totaling three different amounts. Common stock will receive $0.33 per share, payable on April 1, 2021, to shareholders of record as of March 18, 2021. Additionally, Series D preferred shareholders will receive $0.39375 per share, payable on March 22, 2021, and Series E preferred shareholders will receive $0.3671875 per share, payable on April 1, 2021. Synovus, based in Columbus, Georgia, boasts approximately $54 billion in assets and operates 288 branches across five states.

Positive

• $0.33 quarterly dividend for common stock demonstrates strong shareholder returns.
• $0.39375 and $0.3671875 dividends for Series D and Series E preferred stocks illustrate consistent income distribution.

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 March 18, 2021, payable on April 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 March 15, 2021, payable on March 22, 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 March 15, 2021, payable on April 1, 2021.

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $54 billion in assets. Synovus provides commercial and retail banking, investment, and mortgage services through 288 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210303005044/en/

FAQ

What is the upcoming dividend payment for Synovus Financial Corp (SNV)?

Synovus Financial Corp (SNV) has declared a dividend of $0.33 per share for common stock, payable on April 1, 2021.

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

Dividends will be paid on April 1, 2021, for common stock and on March 22, 2021, for Series D preferred stock.

What are the dividend amounts for Series D and E preferred stocks of Synovus Financial Corp (SNV)?

Series D preferred stock will receive $0.39375 per share, while Series E preferred stock will receive $0.3671875 per share.

Who is eligible to receive the dividends from Synovus Financial Corp (SNV)?

Shareholders of record as of March 15, 2021, will receive the dividends for Series D and E preferred stocks, while common stock shareholders must be on record by March 18, 2021.