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Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking products and services. It operates through three segments: Community Banking, Wholesale Banking, and Financial Management Services. The company's commercial banking services include treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail banking services comprise accepting customary types of demand and savings deposits accounts; mortgage, installment, and other consumer loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services; and bank credit and debit card services. The company also offers various other financial services, including portfolio management for fixed-income securities, investment banking, execution of securities transactions as a broker/dealer, and financial planning services, as well as provides individual investment advice on equity and other securities. As of December 31, 2020, it operated through 289 branches and 389 ATMs in Alabama, Florida, Georgia, South Carolina, and Tennessee. The company was founded in 1888 and is headquartered in Columbus, Georgia.

Synovus Financial Dividend Announcement

Synovus Financial announced a quarterly dividend of $0.38 per ordinary share which will be made payable on 2024-10-01. Ex dividend date: 2024-09-19
Synovus Financial annual dividend for 2024 was $1.14
Synovus Financial annual dividend for 2023 was $1.52
Synovus Financial's trailing twelve-month (TTM) dividend yield is 3.51%
Synovus Financial's payout ratio for the trailing twelve months (TTM) is 94.00%
Synovus Financial's dividend growth over the last five years (2018-2023) was 8.73% year
Synovus Financial's dividend growth over the last ten years (2013-2023) was 43.87% year

Synovus Financial Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-19$0.38quarterly2024-10-01
2024-06-20$0.38quarterly2024-07-01
2024-03-20$0.38quarterly2024-04-01
2023-12-20$0.38quarterly2024-01-02
2023-09-20$0.38quarterly2023-10-02
2023-06-14$0.38quarterly2023-07-03
2023-03-15$0.38quarterly2023-04-03
2022-12-14$0.34quarterly2023-01-03
2022-09-14$0.34quarterly2022-10-03
2022-06-15$0.34quarterly2022-07-01
2022-03-16$0.34quarterly2022-04-01
2021-12-15$0.33quarterly2022-01-03
2021-09-15$0.33quarterly2021-10-01
2021-06-16$0.33quarterly2021-07-01
2021-03-17$0.33quarterly2021-04-01
2020-12-16$0.33quarterly2021-01-04
2020-09-16$0.33quarterly2020-10-01
2020-06-17$0.33quarterly2020-07-01
2020-03-18$0.33quarterly2020-04-01
2019-12-18$0.30quarterly2020-01-02
2019-09-18$0.30quarterly2019-10-01
2019-06-19$0.30quarterly2019-07-01
2019-03-20$0.30quarterly2019-04-01
2018-12-19$0.25quarterly2019-01-02
2018-09-19$0.25quarterly2018-10-01
2018-06-20$0.25quarterly2018-07-02
2018-03-14$0.25quarterly2018-04-02
2017-12-20$0.15quarterly2018-01-02
2017-09-20$0.15quarterly2017-10-02
2017-06-13$0.15quarterly2017-07-03
2017-03-14$0.15quarterly2017-04-03
2016-12-13$0.12quarterly2017-01-02
2016-09-13$0.12quarterly2016-10-03
2016-06-14$0.12quarterly2016-07-01
2016-03-15$0.12quarterly2016-04-01
2015-12-15$0.12quarterly2016-01-04
2015-09-15$0.10quarterly2015-10-01
2015-06-16$0.10quarterly2015-07-01
2015-03-17$0.10quarterly2015-04-01
2014-12-16$0.10quarterly2015-01-02
2014-09-16$0.07quarterly2014-10-01
2014-06-17$0.07quarterly2014-07-01
2014-03-18$0.01quarterly2014-04-01
2013-12-17$0.01quarterly2014-01-02
2013-09-17$0.01quarterly2013-10-01
2013-06-18$0.01quarterly2013-07-01
2013-03-19$0.01quarterly2013-04-01

Synovus Financial Dividend per year

Synovus Financial Dividend growth

Synovus Financial Dividend Yield

Synovus Financial current trailing twelve-month (TTM) dividend yield is 3.51%. Interested in purchasing Synovus Financial stock? Use our calculator to estimate your expected dividend yield:

Synovus Financial Financial Ratios

P/E ratio22.70
PEG ratio17.47
P/B ratio1.25
ROE5.63%
Payout ratio94.00%
Current ratio0.16
Quick ratio0.16
Cash Ratio0.08

Synovus Financial Dividend FAQ

How much is the next Synovus Financial dividend?
Synovus 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 Synovus Financial dividend. The next Synovus Financial dividend will be released in March, June, September, or December.
When is Synovus Financial dividend paid?
Synovus Financial pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. 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 Synovus Financial pay?
The specific amount of Synovus 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 Synovus Financial's dividend history.
Does Synovus Financial stock pay dividends?
Yes, Synovus 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 Synovus Financial's dividend history.
How much dividend does Synovus Financial pay?
Synovus Financial paid $1.14 in 2024, $1.52 in 2023, $1.36 in 2022, $1.32 in 2021, and $1.32 in 2020.
How often does Synovus Financial pay dividends?
Synovus 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 March, June, September, and December.
What is Synovus Financial's dividend yield?
The current dividend yield for Synovus Financial is 3.51%. 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 Synovus Financial's exact dividend yield.
When does Synovus Financial go ex dividend?
Synovus Financial's ex-dividend date for the latest dividend was on 2024-09-19. Synovus 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 Synovus Financial dividend paid?
Synovus Financial pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Synovus 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 Synovus 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 Synovus Financial dividend per share?
Synovus Financial paid $1.14 per share in 2024 and $1.52 per share in 2023. The amount of dividend per share that Synovus 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 Synovus 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 Synovus 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 Synovus Financial a dividend stock?
Yes, Synovus Financial is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Synovus Financial a good dividend stock?
Whether Synovus 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. Synovus Financial has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Synovus 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 Synovus Financial pay dividends monthly?
Synovus Financial typically pays dividends on a quarterly basis.
Does Synovus Financial pay dividends quarterly?
Synovus Financial currently pays dividends on a quarterly basis.
Has Synovus Financial ever paid a dividend?
Yes, Synovus Financial has a history of paying dividends to its shareholders. Synovus Financial is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Synovus Financial dividend stocks?
To buy Synovus 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 Synovus 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 Synovus Financial pay dividends 2024?
Synovus Financial pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-01. 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 Synovus Financial increase its dividend in 2024?
Decisions regarding Synovus 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 Synovus Financial dividend overview you can look into the above table of dividend history.
How Synovus Financial dividend works?
The Synovus 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 Synovus Financial's dividend process works:

1. Determination of Dividend: Synovus 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, Synovus 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, Synovus 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 Synovus 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 Synovus Financial dividends paid?
Synovus Financial dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Synovus 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, Synovus 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: Synovus 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 Synovus Financial pay dividends?
Synovus 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 Synovus Financial pay dividends?
The general pattern is that Synovus Financial pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Synovus Financial dividend safe?
The safety of Synovus 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 Synovus 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 Synovus 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.