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, payable on February 17, 2022, for shareholders of record by February 10, 2022. Additionally, the company announced a dividend of approximately $14.06 per share on its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, which will be paid on February 15, 2022. Synchrony is a leading consumer financial services company, providing diverse financing solutions and consumer banking products across various industries.

Positive

• Quarterly cash dividend of $0.22 per share reflects confidence in financial stability.
• Dividend payment on preferred stock highlights commitment to shareholders.

Negative

• None.

STAMFORD, Conn., Jan. 25, 2022 /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 February 17, 2022 to holders of record at the close of business on February 10, 2022.

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 February 15, 2022 to holders of record at the close of business on February 10, 2022.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/synchrony-announces-quarterly-common-stock-dividend-of-0-22-per-share-301468142.html

SOURCE Synchrony Financial

FAQ

What is the dividend amount declared by Synchrony Financial (SYF)?

Synchrony Financial declared a quarterly cash dividend of $0.22 per share.

When will Synchrony Financial (SYF) pay its quarterly dividend?

The quarterly dividend will be payable on February 17, 2022.

What is the record date for the dividend payment by Synchrony Financial (SYF)?

The record date for the dividend payment is February 10, 2022.

What dividend is payable on Synchrony's Series A Preferred Stock?

A dividend of approximately $14.06 per share on the Series A Preferred Stock will be paid on February 15, 2022.