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. This dividend will be payable on February 17, 2023, to shareholders who are on record as of February 6, 2023. Additionally, the Board declared a dividend on the 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, amounting to approximately $14.06 per share, payable on February 16, 2023, also to holders of record at the close of business on February 6, 2023. These announcements reflect the company's commitment to returning income to shareholders.

Positive

• Declaration of a quarterly cash dividend of $0.23 per share enhances shareholder income.
• Preferred stock dividend of $14.06 per share indicates strong cash flow management.

Negative

• None.

Company also declares preferred stock dividend

STAMFORD, Conn., Jan. 25, 2023 /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 February 17, 2023 to holders of record at the close of business on February 6, 2023.

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 16, 2023 to holders of record at the close of business on February 6, 2023.

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
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 per share for Synchrony Financial (SYF)?

Synchrony Financial (SYF) declared a quarterly cash dividend of $0.23 per share.

When will Synchrony Financial's dividend be paid?

The dividend will be payable on February 17, 2023.

What is the dividend amount for Series A Preferred Stock?

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

When is the Series A Preferred Stock dividend being paid?

The Series A Preferred Stock dividend will be paid on February 16, 2023.