Synchrony announces quarterly common stock dividend of $0.22 per share
The company also declares a preferred stock dividend
STAMFORD, Conn., April 21, 2022 /PRNewswire/ — Synchrony Financial (NYSE: SYF) today announced that its Board of Directors has declared a quarterly cash dividend of $0.22 per common share, payable on May 12, 2022 to the holders of a file at the close of business on May 2, 2022.
The Board of Directors has also declared a quarterly cash dividend on the outstanding shares of its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Shares, Series A (the “Series A Preferred Shares”). Each outstanding Series A Preferred Share is represented by Depositary Shares, each representing a 1/40th interest in a Series A Preferred Share. The dividend of approximately $14.06 per share (equivalent to $0.351563 per outstanding depository share) is payable on May 16, 2022 to the holders of a file at the close of business on May 2, 2022.
Synchrony (NYSE: SYF) is a leading consumer financial services company with one of the most comprehensive digital product suites in the industry. Our experience, expertise and scale spans a wide range of industries including digital, health and wellness, retail, telecommunications, home, automotive, powersports, pets company 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, who 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 meet their specific needs and deliver seamless omnichannel experiences. We offer the right financing products to the right customers in the channel of their choice. For more information, visit www.synchrony.com and Twitter: @Synchrony.