Company also declares preferred stock
dividends
STAMFORD, Conn., July 23,
2024 /PRNewswire/ -- Synchrony Financial
(NYSE: SYF) announced today that its Board of Directors
declared a quarterly cash dividend of $0.25 per share of common stock, payable on
August 15, 2024 to holders of record
at the close of business on August 5,
2024.
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") and 8.250% Fixed Rate Reset Non-Cumulative Perpetual
Preferred Stock, Series B (the "Series B Preferred Stock").
Each outstanding share of the Series A Preferred Stock and Series B
Preferred Stock is represented by depositary shares, each
representing a 1/40th interest in a share. The dividends of
approximately $14.06 per share on the
Series A Preferred Stock (equivalent to $0.351563 per outstanding depositary share) and
approximately $20.63 per share on the
Series B Preferred Stock (equivalent to $0.515625 per outstanding depositary share) are
payable on August 15, 2024 to holders
of record at the close of business on August
5, 2024.
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.
Contacts
Investor Relations:
Kathryn Miller
Synchrony
kathryn.miller@syf.com
(203) 585-6291
Media Relations:
Lisa Lanspery
Synchrony
lisa.lanspery@syf.com
(203) 585-6143
View original content to download
multimedia:https://www.prnewswire.com/news-releases/synchrony-announces-quarterly-common-stock-dividend-of-0-25-per-share-302203052.html
SOURCE Synchrony