Company also declares preferred stock dividend
STAMFORD, Conn., July 20, 2023 /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 10, 2023 to holders of record at the close of business on July 31, 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 August 14, 2023 to holders of record at the close of business on July 31, 2023.
