Synchrony Announces Quarterly Common Stock Dividend of $0.22 Per Share

Rhea-AI Summary

Synchrony Financial (NYSE: SYF) has announced a quarterly cash dividend of $0.22 per share of common stock, payable on May 12, 2022, to shareholders on record as of the close on May 2, 2022. Additionally, a dividend of approximately $14.06 per share for its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, will be paid on May 16, 2022, to holders of record on the same date. These dividends reflect Synchrony's commitment to providing returns to its shareholders.

Positive

• Quarterly cash dividend of $0.22 per share for common stock.
• Dividend of $14.06 per share for Series A Preferred Stock reinforces shareholder returns.

Negative

• None.

Company also declares preferred stock dividend

STAMFORD, Conn., April 21, 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 May 12, 2022 to holders of record at the close of business on May 2, 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 May 16, 2022 to holders of record at the close of business on May 2, 2022.

About Synchrony

Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally-enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, powersports, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our "partners."  We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences.  We offer the right financing products to the right customers in their channel of choice. For more information, visit www.synchrony.com and Twitter: @Synchrony.

Contacts

Investor Relations:                                                         
Kathryn Miller                                                                               
(203) 585-6291                                                                 
InvestorRelations@syf.com                                           

Media Relations:
Lisa Lanspery
(203) 585-6143
lisa.lanspery@syf.com

 

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SOURCE Synchrony

FAQ

What is the dividend amount for Synchrony Financial (SYF) common stock?

The dividend amount for Synchrony Financial (SYF) common stock is $0.22 per share.

When will the dividend for common stock be paid by Synchrony Financial (SYF)?

The dividend for common stock will be paid on May 12, 2022.

What is the dividend amount for Synchrony Financial (SYF) Series A Preferred Stock?

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

When is the payment date for the Series A Preferred Stock dividend?

The payment date for the Series A Preferred Stock dividend is May 16, 2022.