Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual cards, co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms. In addition, it provides debt cancellation products to its credit card customers through online, mobile, and direct mail; healthcare payments and financing solutions under the CareCredit, Pets Best, and Walgreens brands; payments and financing solutions in the apparel, specialty retail, outdoor, music, and luxury industries; and point-of-sale consumer financing for audiology products and dental services. The company offers its credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers; and deposit products through various channels, such as digital and print. It serves digital, health and wellness, retail, home, auto, powersports, jewelry, pets, and other industries. Synchrony Financial was founded in 1932 and is headquartered in Stamford, Connecticut.
Synchrony Financial Dividend Announcement
• Synchrony Financial announced a quarterly dividend of $0.25 per ordinary share which will be made payable on 2024-08-15. Ex dividend date: 2024-08-05
• Synchrony Financial annual dividend for 2024 was $0.75
• Synchrony Financial annual dividend for 2023 was $0.96
• Synchrony Financial's trailing twelve-month (TTM) dividend yield is 1.86%
• Synchrony Financial's payout ratio for the trailing twelve months (TTM) is 15.31%
• Synchrony Financial's dividend growth over the last five years (2018-2023) was 5.92% year
Synchrony Financial Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-05 | $0.25 | quarterly | 2024-08-15 |
| 2024-05-03 | $0.25 | quarterly | 2024-05-15 |
| 2024-02-02 | $0.25 | quarterly | 2024-02-15 |
| 2023-10-31 | $0.25 | quarterly | 2023-11-09 |
| 2023-07-28 | $0.25 | quarterly | 2023-08-10 |
| 2023-05-01 | $0.23 | quarterly | 2023-05-12 |
| 2023-02-03 | $0.23 | quarterly | 2023-02-17 |
| 2022-10-31 | $0.23 | quarterly | 2022-11-10 |
| 2022-07-29 | $0.23 | quarterly | 2022-08-11 |
| 2022-04-29 | $0.22 | quarterly | 2022-05-12 |
| 2022-02-09 | $0.22 | quarterly | 2022-02-17 |
| 2021-10-29 | $0.22 | quarterly | 2021-11-12 |
| 2021-07-30 | $0.22 | quarterly | 2021-08-12 |
| 2021-04-30 | $0.22 | quarterly | 2021-05-13 |
| 2021-02-04 | $0.22 | quarterly | 2021-02-16 |
| 2020-10-30 | $0.22 | quarterly | 2020-11-12 |
| 2020-07-31 | $0.22 | quarterly | 2020-08-13 |
| 2020-05-01 | $0.22 | quarterly | 2020-05-14 |
| 2020-02-06 | $0.22 | quarterly | 2020-02-13 |
| 2019-11-01 | $0.22 | quarterly | 2019-11-14 |
| 2019-08-02 | $0.22 | quarterly | 2019-08-15 |
| 2019-05-03 | $0.21 | quarterly | 2019-05-16 |
| 2019-02-01 | $0.21 | quarterly | 2019-02-14 |
| 2018-11-02 | $0.21 | quarterly | 2018-11-15 |
| 2018-08-03 | $0.21 | quarterly | 2018-08-16 |
| 2018-05-04 | $0.15 | quarterly | 2018-05-17 |
| 2018-02-02 | $0.15 | quarterly | 2018-02-15 |
| 2017-11-03 | $0.15 | quarterly | 2017-11-16 |
| 2017-08-03 | $0.15 | quarterly | 2017-08-17 |
| 2017-05-04 | $0.13 | quarterly | 2017-05-18 |
| 2017-02-02 | $0.13 | quarterly | 2017-02-16 |
| 2016-11-03 | $0.13 | quarterly | 2016-11-17 |
| 2016-08-10 | $0.13 | quarterly | 2016-08-25 |
Synchrony Financial Dividend per year
Synchrony Financial Dividend growth
Synchrony Financial Dividend Yield
Synchrony Financial current trailing twelve-month (TTM) dividend yield is 1.86%. Interested in purchasing Synchrony Financial stock? Use our calculator to estimate your expected dividend yield:
Synchrony Financial Financial Ratios
P/E ratio7.14
PEG ratio-18.91
P/B ratio1.38
ROE20.54%
Payout ratio15.31%
Current ratio3.00
Quick ratio0.00
Cash Ratio3.00
Synchrony Financial Dividend FAQ
How much is the next Synchrony Financial dividend?
Synchrony Financial's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Synchrony Financial dividend. The next Synchrony Financial dividend will be released in February, May, July, or October.
When is Synchrony Financial dividend paid?
Synchrony Financial pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, July, and October. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Synchrony Financial pay?
The specific amount of Synchrony Financial dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Synchrony Financial's dividend history.
Does Synchrony Financial stock pay dividends?
Yes, Synchrony Financial does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Synchrony Financial's dividend history.
How much dividend does Synchrony Financial pay?
Synchrony Financial paid $0.75 in 2024, $0.96 in 2023, $0.9 in 2022, $0.88 in 2021, and $0.88 in 2020.
How often does Synchrony Financial pay dividends?
Synchrony Financial typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, July, and October.
What is Synchrony Financial's dividend yield?
The current dividend yield for Synchrony Financial is 1.86%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Synchrony Financial's exact dividend yield.
When does Synchrony Financial go ex dividend?
Synchrony Financial's ex-dividend date for the latest dividend was on 2024-08-05. Synchrony Financial typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Synchrony Financial dividend paid?
Synchrony Financial pays dividends on a quarterly basis, typically around February, May, July, or October, but the exact dates can vary each year.
Will Synchrony Financial increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Synchrony Financial will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Synchrony Financial dividend per share?
Synchrony Financial paid $0.75 per share in 2024 and $0.96 per share in 2023. The amount of dividend per share that Synchrony Financial pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Synchrony Financial a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Synchrony Financial a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Synchrony Financial a dividend stock?
Yes, Synchrony Financial is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Synchrony Financial a good dividend stock?
Whether Synchrony Financial is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Synchrony Financial has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Synchrony Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Synchrony Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Synchrony Financial pay dividends monthly?
Synchrony Financial typically pays dividends on a quarterly basis.
Does Synchrony Financial pay dividends quarterly?
Synchrony Financial currently pays dividends on a quarterly basis.
Has Synchrony Financial ever paid a dividend?
Yes, Synchrony Financial has a history of paying dividends to its shareholders. Synchrony Financial is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Synchrony Financial dividend stocks?
To buy Synchrony Financial you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Synchrony Financial stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Synchrony Financial stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Synchrony Financial pay dividends 2024?
Synchrony Financial pays dividends on a quarterly basis. 2024 dividend payments are in 2024-08-15. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Synchrony Financial increase its dividend in 2024?
Decisions regarding Synchrony Financial dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Synchrony Financial dividend overview you can look into the above table of dividend history.
How Synchrony Financial dividend works?
The Synchrony Financial dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Synchrony Financial's dividend process works:
1. Determination of Dividend: Synchrony Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Synchrony Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Synchrony Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Synchrony Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Synchrony Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Synchrony Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Synchrony Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Synchrony Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Synchrony Financial dividends paid?
Synchrony Financial dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Synchrony Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Synchrony Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Synchrony Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Synchrony Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Synchrony Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Synchrony Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Synchrony Financial pay dividends?
Synchrony Financial typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Synchrony Financial pay dividends?
The general pattern is that Synchrony Financial pays dividends around February, May, July, and October. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Synchrony Financial dividend safe?
The safety of Synchrony Financial's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Synchrony Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Synchrony Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Synchrony Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Synchrony Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.