Synchrony Announces Quarterly Common Stock Dividend of $0.23 Per Share

Rhea-AI Summary

Synchrony Financial (NYSE: SYF) declared a quarterly cash dividend of $0.23 per share of common stock, payable on November 10, 2022, to shareholders of record as of November 1, 2022. Additionally, a dividend of approximately $14.06 per share was announced for its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on November 15, 2022, with the same record date. This move underscores the company's commitment to returning value to shareholders while maintaining its strong position in consumer financial services.

Positive

• Quarterly cash dividend of $0.23 per share boosts shareholder returns.
• Preferred stock dividend of approximately $14.06 per share demonstrates financial strength.

Negative

• None.

Company also declares preferred stock dividend

STAMFORD, Conn., Oct. 20, 2022 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) announced today that its Board of Directors declared a quarterly cash dividend of $0.23 per share of common stock, payable on November 10, 2022 to holders of record at the close of business on November 1, 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 November 15, 2022 to holders of record at the close of business on November 1, 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, outdoor, 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
Synchrony
InvestorRelations@syf.com
(203) 585-6291

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

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SOURCE Synchrony

FAQ

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

Synchrony Financial declared a quarterly cash dividend of $0.23 per share of common stock.

When is the dividend payable for SYF stock?

The dividend is payable on November 10, 2022.

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

The record date for the dividend is November 1, 2022.

What is the dividend for the preferred stock of Synchrony (SYF)?

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

When will the preferred stock dividend be paid?

The preferred stock dividend is payable on November 15, 2022.