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 3.9%
• Synovus Financial's payout ratio for the trailing twelve months (TTM) is 72.09%
• 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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-19 | $0.38 | quarterly | 2024-10-01 |
2024-06-20 | $0.38 | quarterly | 2024-07-01 |
2024-03-20 | $0.38 | quarterly | 2024-04-01 |
2023-12-20 | $0.38 | quarterly | 2024-01-02 |
2023-09-20 | $0.38 | quarterly | 2023-10-02 |
2023-06-14 | $0.38 | quarterly | 2023-07-03 |
2023-03-15 | $0.38 | quarterly | 2023-04-03 |
2022-12-14 | $0.34 | quarterly | 2023-01-03 |
2022-09-14 | $0.34 | quarterly | 2022-10-03 |
2022-06-15 | $0.34 | quarterly | 2022-07-01 |
2022-03-16 | $0.34 | quarterly | 2022-04-01 |
2021-12-15 | $0.33 | quarterly | 2022-01-03 |
2021-09-15 | $0.33 | quarterly | 2021-10-01 |
2021-06-16 | $0.33 | quarterly | 2021-07-01 |
2021-03-17 | $0.33 | quarterly | 2021-04-01 |
2020-12-16 | $0.33 | quarterly | 2021-01-04 |
2020-09-16 | $0.33 | quarterly | 2020-10-01 |
2020-06-17 | $0.33 | quarterly | 2020-07-01 |
2020-03-18 | $0.33 | quarterly | 2020-04-01 |
2019-12-18 | $0.30 | quarterly | 2020-01-02 |
2019-09-18 | $0.30 | quarterly | 2019-10-01 |
2019-06-19 | $0.30 | quarterly | 2019-07-01 |
2019-03-20 | $0.30 | quarterly | 2019-04-01 |
2018-12-19 | $0.25 | quarterly | 2019-01-02 |
2018-09-19 | $0.25 | quarterly | 2018-10-01 |
2018-06-20 | $0.25 | quarterly | 2018-07-02 |
2018-03-14 | $0.25 | quarterly | 2018-04-02 |
2017-12-20 | $0.15 | quarterly | 2018-01-02 |
2017-09-20 | $0.15 | quarterly | 2017-10-02 |
2017-06-13 | $0.15 | quarterly | 2017-07-03 |
2017-03-14 | $0.15 | quarterly | 2017-04-03 |
2016-12-13 | $0.12 | quarterly | 2017-01-02 |
2016-09-13 | $0.12 | quarterly | 2016-10-03 |
2016-06-14 | $0.12 | quarterly | 2016-07-01 |
2016-03-15 | $0.12 | quarterly | 2016-04-01 |
2015-12-15 | $0.12 | quarterly | 2016-01-04 |
2015-09-15 | $0.10 | quarterly | 2015-10-01 |
2015-06-16 | $0.10 | quarterly | 2015-07-01 |
2015-03-17 | $0.10 | quarterly | 2015-04-01 |
2014-12-16 | $0.10 | quarterly | 2015-01-02 |
2014-09-16 | $0.07 | quarterly | 2014-10-01 |
2014-06-17 | $0.07 | quarterly | 2014-07-01 |
2014-03-18 | $0.01 | quarterly | 2014-04-01 |
2013-12-17 | $0.01 | quarterly | 2014-01-02 |
2013-09-17 | $0.01 | quarterly | 2013-10-01 |
2013-06-18 | $0.01 | quarterly | 2013-07-01 |
2013-03-19 | $0.01 | quarterly | 2013-04-01 |
Synovus Financial Dividend per year
Synovus Financial Dividend growth
Synovus Financial Dividend Yield
Synovus Financial current trailing twelve-month (TTM) dividend yield is 3.9%. Interested in purchasing Synovus Financial stock? Use our calculator to estimate your expected dividend yield:
Synovus Financial Financial Ratios
Synovus Financial Dividend FAQ
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.
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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.
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.
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.