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The board of directors of Synovus Financial Corp. (NYSE: SNV) has announced quarterly dividends for its common stock and preferred stocks. A dividend of $0.34 per share will be paid on Oct. 3, 2022, to shareholders on record as of Sept. 15, 2022. Additionally, the Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, will pay $0.39375 per share on Sept. 21, 2022 and the Series E will pay $0.3671875 per share on Oct. 3, 2022.
Positive
Dividends indicate strong cash flow management and confidence in ongoing profitability.
Total assets of approximately $57 billion reinforce financial stability.
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 Oct. 3, 2022, to shareholders of record as of Sept. 15, 2022.
$0.39375 per share on the company’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on Sept. 21, 2022, to shareholders of record as of Sept. 15, 2022.
$0.3671875 per share on the company’s Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on Oct. 3, 2022, to shareholders of record as of Sept. 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 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.
What is the dividend amount for Synovus Financial Corp. for common stock?
Synovus Financial Corp. declared a dividend of $0.34 per share for its common stock.
When will the dividend for Synovus Financial Corp. be paid?
The dividend for common stock will be payable on October 3, 2022.
What are the payment dates for preferred stocks of Synovus Financial Corp.?
The Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, will pay $0.39375 per share on September 21, 2022, and Series E will pay $0.3671875 per share on October 3, 2022.
What is the significance of Synovus Financial Corp.'s dividend declaration?
The dividend declaration reflects Synovus Financial Corp.'s strong cash flow management and commitment to returning value to shareholders.
