Synchrony Announces Quarterly Common Stock Dividend of $0.22 Per Share

Rhea-AI Summary

Synchrony Financial (NYSE: SYF) declared a quarterly cash dividend of $0.22 per common share, payable on August 12, 2021, to shareholders on record as of August 2, 2021. Additionally, a dividend of approximately $14.06 per share on 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, will be paid on August 16, 2021, to record holders as of August 2, 2021. Synchrony is a leading consumer financial services provider in the U.S., specializing in financing programs across various industries.

Positive

• Declared a quarterly cash dividend of $0.22 per common share.
• Preferred stock dividend of approximately $14.06 enhances income for shareholders.

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• None.

STAMFORD, Conn., July 22, 2021 /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 August 12, 2021 to holders of record at the close of business on August 2, 2021.

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 August 16, 2021 to holders of record at the close of business on August 2, 2021.

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:                                                        

Kathryn Miller    
(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)?

Synchrony Financial (SYF) has declared a dividend of $0.22 per share for common stock.

When will the dividend for SYF be paid?

The dividend for SYF will be paid on August 12, 2021.

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

The preferred stock dividend will be paid on August 16, 2021.

Who is eligible for the SYF dividend?

Shareholders on record as of August 2, 2021, are eligible for the SYF dividend.