Company also declares preferred stock
dividends
STAMFORD, Conn., Oct. 24,
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 November 15,
2024 to holders of record at the close of business on
November 4, 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 November 15, 2024 to
holders of record at the close of business on November 4, 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
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SOURCE Synchrony Financial