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 share on October 21, 2021, payable on November 12, 2021, with a record date of November 1, 2021. Additionally, the Board announced a dividend of approximately $14.06 per share for its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on November 15, 2021, also with a record date of November 1, 2021. These actions reflect the company's ongoing commitment to returning value to shareholders.

Positive

• Quarterly cash dividend of $0.22 per share reflects strong shareholder value.
• Dividend on Series A Preferred Stock indicates ongoing financial stability.

Negative

• None.

STAMFORD, Conn., Oct. 21, 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 November 12, 2021 to holders of record at the close of business on November 1, 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 November 15, 2021 to holders of record at the close of business on November 1, 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
InvestorRelations@syf.com

Jennifer Church
(203) 585-6508    

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) in 2021?

The dividend amount is $0.22 per share.

When is the dividend payment date for Synchrony Financial (SYF)?

The dividend payment date is November 12, 2021.

What is the record date for receiving Synchrony Financial's (SYF) dividend?

The record date is November 1, 2021.

What is the dividend for Synchrony's Series A Preferred Stock?

The dividend for Series A Preferred Stock is approximately $14.06 per share.

When will the Series A Preferred Stock dividend be paid?

The Series A Preferred Stock dividend will be paid on November 15, 2021.