Press Release
January 29, 2020, 12:00 PM EST
Synchrony Announces Quarterly Common Stock Dividend of $0.22 Per Share
Company also declares preferred stock dividend
STAMFORD, Conn. – January 28, 2020 – Synchrony Financial (NYSE: SYF) announced today that its Board of Directors declared a quarterly cash dividend of $0.22 per share of common stock, payable on February 13, 2020 to holders of record at the close of business on February 7, 2020.
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 $14.22 per share (equivalent to $0.355469 per outstanding depositary share) is payable on February 18, 2020 to holders of record at the close of business on February 7, 2020.
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services company. We deliver a wide range of specialized financing programs, as well as innovative consumer banking products, across key industries including digital, retail, home, auto, travel, health and pet. Synchrony enables our partners to grow sales and loyalty with consumers. We are one of the largest issuers of private label credit cards in the United States; we also offer co-branded products, installment loans and consumer financing products for small- and medium-sized businesses, as well as healthcare providers.
Contacts
Investor Relations:
Greg Ketron
(203) 585-6291
Jennifer Church
(203) 585-6508
Media Relations:
Sue Bishop
(203) 585-2802
