Synchrony Announces Quarterly Common Stock Dividend of $0.22 Per Share

Rhea-AI Summary

Synchrony Financial (NYSE: SYF) has declared a quarterly cash dividend of $0.22 per share, payable on November 12, 2020, to shareholders registered by the close of business on November 2, 2020. Additionally, a dividend of approximately $14.06 per share on its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, will be paid on November 16, 2020, also to holders of record by November 2, 2020. This demonstrates the company’s commitment to returning value to shareholders while maintaining its strong position in consumer financial services.

Positive

• Quarterly cash dividend of $0.22 per share enhances shareholder income.
• Strong commitment to returning value to shareholders with both common and preferred stock dividends.

Negative

• None.

STAMFORD, Conn., Oct. 21, 2020 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) announced today that its Board of Directors declared a quarterly cash dividend of $0.22 per share of common stock, payable on November 12, 2020 to holders of record at the close of business on November 2, 2020.

The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock").  Each outstanding share of the Series A Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series A Preferred Stock.  The dividend of approximately $14.06 per share (equivalent to $0.351563 per outstanding depositary share) is payable on November 16, 2020 to holders of record at the close of business on November 2, 2020.

About Synchrony

Synchrony (NYSE: SYF) is a premier consumer financial services company. We deliver a wide range of specialized financing programs, as well as innovative consumer banking products, across key industries including digital, retail, home, auto, travel, health and pet. Synchrony enables our partners to grow sales and loyalty with consumers. We are one of the largest issuers of private label credit cards in the United States; we also offer co-branded products, installment loans and consumer financing products for small- and medium-sized businesses, as well as healthcare providers.

Synchrony is changing what's possible through our digital capabilities, deep industry expertise, actionable data insights, frictionless customer experience and customized financing solutions.

For more information, visit www.synchrony.com and Twitter: @Synchrony.

Contacts

Investor Relations:
Greg Ketron
(203) 585-6291

Jennifer Church
(203) 585-6508
InvestorRelations@syf.com  

Media Relations:
Sue Bishop  
(203) 585-2802
susan.bishopmangino@syf.com

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SOURCE Synchrony Financial

FAQ

What is the dividend amount for Synchrony Financial (SYF) for Q4 2020?

The dividend amount is $0.22 per share for common stock.

When is the dividend payable for SYF stock?

The dividend is payable on November 12, 2020.

What is the payment date for the preferred stock dividend of SYF?

The preferred stock dividend is payable on November 16, 2020.

What is the record date for the SYF dividend?

The record date for both common and preferred stock dividends is November 2, 2020.

How much is the preferred stock dividend for Synchrony Financial (SYF)?

The preferred stock dividend is approximately $14.06 per share.