Press Release
April 20, 2023, 4:30 PM EDT
Synchrony Announces Quarterly Common Stock Dividend of $0.23 Per Share
Company also declares preferred stock dividend
STAMFORD, Conn. – April 20, 2023 – 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 May 12, 2023 to holders of record at the close of business on May 2, 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 May 15, 2023 to holders of record at the close of business on May 2, 2023.
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