Synchrony Announces Quarterly Common Stock Dividend of $0.23 Per Share

Rhea-AI Summary

Synchrony Financial (NYSE: SYF) announced a quarterly cash dividend of $0.23 per share of common stock, payable on August 11, 2022, for shareholders on record by August 1, 2022. Additionally, a dividend of $14.06 per share on its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock is declared, equivalent to $0.351563 per depositary share, payable on August 15, 2022. This reflects the company's ongoing commitment to returning value to shareholders.

Positive

• Declared a quarterly cash dividend of $0.23 per share of common stock.
• Demonstrates ongoing commitment to shareholder value.

Negative

• None.

Company also declares preferred stock dividend

STAMFORD, Conn., July 21, 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 August 11, 2022 to holders of record at the close of business on August 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 August 15, 2022 to holders of record at the close of business on August 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 for Synchrony Financial's common stock?

The dividend amount for Synchrony Financial's common stock is $0.23 per share.

When will the dividend be paid for SYF's common stock?

The dividend for SYF's common stock will be paid on August 11, 2022.

What is the dividend for Synchrony Financial's preferred stock?

The dividend for Synchrony Financial's preferred stock is approximately $14.06 per share.

When will the preferred stock dividend be paid?

The preferred stock dividend will be paid on August 15, 2022.

Who are the shareholders eligible for dividends?

Shareholders on record by August 1, 2022, are eligible for the dividends.