Synchrony Financial

Synchrony FinancialSYF

Dividend Summary

The next Synchrony Financial dividend is expected to go ex in 10 days and to be paid in 23 days.
The previous Synchrony Financial dividend was 22c and it went ex 3 months ago and it was paid 2 months ago.
There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 4.8.

Latest Dividends
Summary Previous dividend Next dividend
Status Paid Forecast
Type Quarterly Quarterly
Per share 22c Sign Up Required
Declaration date 22 Jul 2020 (Wed) 21 Oct 2020 (Wed)
Ex-div date 31 Jul 2020 (Fri) 30 Oct 2020 (Fri)
Pay date 13 Aug 2020 (Thu) 12 Nov 2020 (Thu)

Enter the number of Synchrony Financial shares you hold and we'll calculate your dividend payments:

Previous Payment
Next Payment
Forecast Accuracy
96%
Our premium tools have predicted Synchrony Financial with 96% accuracy.
Dividend Yield Today
3.1%
The dividend yield is calculated by dividing the annual dividend payment by the prevailing share price
The table below shows the full dividend history for Synchrony Financial
Status Type Decl. date Ex-div date Pay date Decl. Currency Forecast amount Decl. amount Accuracy
Forecast Quarterly 21 Jan 2025 30 Jan 2025 06 Feb 2025 USD Sign up
Forecast Quarterly 16 Oct 2024 25 Oct 2024 11 Nov 2024 USD Sign up
Forecast Quarterly 17 Jul 2024 26 Jul 2024 08 Aug 2024 USD Sign up
Forecast Quarterly 19 Apr 2024 26 Apr 2024 09 May 2024 USD Sign up
Forecast Quarterly 23 Jan 2024 01 Feb 2024 08 Feb 2024 USD Sign up
Forecast Quarterly 18 Oct 2023 27 Oct 2023 13 Nov 2023 USD Sign up
Forecast Quarterly 19 Jul 2023 28 Jul 2023 10 Aug 2023 USD Sign up
Forecast Quarterly 21 Apr 2023 28 Apr 2023 11 May 2023 USD Sign up
Forecast Quarterly 24 Jan 2023 02 Feb 2023 09 Feb 2023 USD Sign up
Forecast Quarterly 19 Oct 2022 28 Oct 2022 14 Nov 2022 USD Sign up
Forecast Quarterly 20 Jul 2022 29 Jul 2022 11 Aug 2022 USD Sign up
Forecast Quarterly 22 Apr 2022 29 Apr 2022 12 May 2022 USD Sign up
Forecast Quarterly 25 Jan 2022 03 Feb 2022 10 Feb 2022 USD Sign up
Forecast Quarterly 20 Oct 2021 29 Oct 2021 12 Nov 2021 USD Sign up
Forecast Quarterly 21 Jul 2021 30 Jul 2021 12 Aug 2021 USD Sign up
Forecast Quarterly 23 Apr 2021 30 Apr 2021 13 May 2021 USD Sign up
Forecast Quarterly 26 Jan 2021 04 Feb 2021 11 Feb 2021 USD Sign up
Forecast Quarterly 21 Oct 2020 30 Oct 2020 12 Nov 2020 USD Sign up
Paid Quarterly 22 Jul 2020 31 Jul 2020 13 Aug 2020 USD 23c 22c 😃
Paid Quarterly 24 Apr 2020 01 May 2020 14 May 2020 USD 22c 22c 😄
Paid Quarterly 28 Jan 2020 06 Feb 2020 13 Feb 2020 USD 22c 22c 😄
Paid Quarterly 23 Oct 2019 01 Nov 2019 14 Nov 2019 USD 22c 22c 😄
Paid Quarterly 24 Jul 2019 02 Aug 2019 15 Aug 2019 USD 22c
Paid Quarterly 24 Apr 2019 03 May 2019 16 May 2019 USD 21c
Paid Quarterly 22 Jan 2019 01 Feb 2019 14 Feb 2019 USD 21c
Paid Quarterly 24 Oct 2018 02 Nov 2018 15 Nov 2018 USD 21c
Paid Quarterly 26 Jul 2018 03 Aug 2018 16 Aug 2018 USD 21c
Paid Quarterly 25 Apr 2018 04 May 2018 17 May 2018 USD 15c
Paid Quarterly 23 Jan 2018 02 Feb 2018 15 Feb 2018 USD 15c
Paid Quarterly 25 Oct 2017 03 Nov 2017 16 Nov 2017 USD 15c
Paid Quarterly 26 Jul 2017 03 Aug 2017 17 Aug 2017 USD 15c
Paid Quarterly 26 Apr 2017 04 May 2017 18 May 2017 USD 13c
Paid Quarterly 25 Jan 2017 02 Feb 2017 16 Feb 2017 USD 13c
Paid Quarterly 27 Oct 2016 03 Nov 2016 17 Nov 2016 USD 13c
Paid Quarterly 07 Jul 2016 10 Aug 2016 25 Aug 2016 USD 13c
Year Amount Change
2006 0.0c
2007 0.0c
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0%
2008 0.0c
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0%
2009 0.0c
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0%
2010 0.0c
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0%
2011 0.0c
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0%
2012 0.0c
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0%
2013 0.0c
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0%
2014 0.0c
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0%
2015 0.0c
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0%
2016 39.0c
arrow_upward
100%
2017 58.0c
arrow_upward
48.7%
2018 78.0c
arrow_upward
34.5%
2019 87.0c
arrow_upward
11.5%
2020 Sign Up Required
2021 Sign Up Required
2022 Sign Up Required
2023 Sign Up Required
2024 Sign Up Required

Synchrony Financial Optimized Dividend Chart

The chart below shows the optimized dividends for this security over a rolling 12-month period.
Dividend Yield Today
3.1%
Optimized Yield
Sign Up Required
52 Week High
10.1% on 05 April 2020
52 Week Low
2.6% on 07 November 2019
Next Ex-Div-Date Countdown
Sign Up Required

About Synchrony Financial

Synchrony Financial (Synchrony), incorporated on September 12, 2003, is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company's revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit. It offers its credit products through its subsidiary, Synchrony Bank (the Bank). Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts.

The Company's Retail card is a provider of private label credit cards, and also provides Dual Cards and small- and medium-sized business credit products. Its Payment Solutions is a provider of promotional financing for consumer purchases, offering private label credit cards and installment loans. The Company offers various types of promotional financing, including deferred interest (interest accrues during a promotional period and becomes payable if the full purchase amount is not paid off during the promotional period), no interest (no interest on a promotional purchase) and reduced interest (interest is assessed monthly at a promotional interest rate during the promotional period). CareCredit is a provider of promotional financing to consumers for health and personal care procedures, products or services, such as dental, veterinary, cosmetic, vision and audiology.

The Company offers customers a CareCredit-branded private label credit card that may be used across its network of CareCredit providers. The Company offers three types of credit products: credit cards, commercial credit products and consumer installment loans. The Company also offers a debt cancellation product. It offers two types of credit cards: private label credit cards and Dual Cards. The Company's private label credit cards are partner-branded credit cards or program-branded credit cards that are used for the purchase of goods and services from the partner or within the program network. In Retail Card, credit under its private label credit cards is extended on standard terms only, and in Payment Solutions and CareCredit, credit under its private label credit cards is extended pursuant to a promotional financing offer. Most of its private label credit card business is in the United States. For some of its partners having locations in Canada, it also supports the issuance and acceptance of private label credit cards at their locations in Canada and from customers in Canada.

The Company's Dual Cards are credit cards that function as private label credit cards when used to make purchases of goods or services from its partners, and as general purpose credit cards when used to make purchases from other retailers wherever cards from those card networks are accepted or for cash advance transactions. It issues Dual Cards for use on the MasterCard and Visa networks and it has the ability to issue Dual Cards for use on the American Express and Discover networks. The Company offers private label cards and co-branded cards for commercial customers that are similar to its consumer offerings. It also offers a commercial pay-in-full accounts receivable product to a range of business customers. It offers commercial credit products through its Retail Card platform to the commercial customers of its Retail Card partners. Installment loans are closed-end credit accounts where the customer pays down the outstanding balance in installments. The Company also offers a debt cancellation product to its credit card customers online and, on a limited basis, by direct mail.

The Bank takes deposits through third-party securities brokerage firms that offer its FDIC-insured deposit products to their customers. The Company markets its deposit products through multiple channels including digital, print and radio advertising. Fiserv, Inc. provides the Company's platform for online retail deposits, including a customer-facing account opening servicing platform. The Company offers rewards to customers based on their tenure or balance amounts, including reduced fees, travel offers and concierge telephone support. It originates credit accounts through various channels, including in-store, mail, Internet, mobile, telephone and pre-approved solicitations.

The Company competes with Alliance Data Systems, American Express, Chase, Citibank, TD Bank, Wells Fargo, PayPal, Ally Financial, Capital One 360 (ING), Discover, Goldman Sachs, Nationwide, Sallie Mae and United Services Automobile Association.

Sector
Financial Services
Country
United States
Share Price
$29.08 (yesterday's closing price)
Shares in Issue
663 million
Market Cap
$19.3bn
Dividend Cover
How many times is the dividend covered by company income. A cover of 1 means all income is paid out in dividends
4.8
CADI
The Consecutive Annual Dividend Increases - the number of years this company has been increasing its dividends
4
Market Indices
S&P 500
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