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Synchrony Financial

Synchrony Financial (SYF) Dividends

Dividend Summary:

The next Synchrony Financial dividend went ex 5 days ago for 22c and will be paid in 8 days.
The previous Synchrony Financial dividend was 22c and it went ex 3 months ago and it was paid 3 months ago.
There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 4.8.
Country:
United States
Exchange:
New York Stock Exchange
Sector:
Financial Services
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Status: Paid Declared
Type: Quarterly Quarterly
Per Share: 22c 22c
Ex-div Date: Fri 01 May 2020 Fri 31 Jul 2020
Pay Date: Thu 14 May 2020 Thu 13 Aug 2020
Your Holding: 100 shares 100 shares
Your Payment: $22.00 $22.00

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Declared and Forecast Synchrony Financial Dividends

Ex-Div Date Pay Date Type Amount Currency Status
10 Aug 2016 25 Aug 2016 Quarterly 13c USD Paid
03 Nov 2016 17 Nov 2016 Quarterly 13c USD Paid
02 Feb 2017 16 Feb 2017 Quarterly 13c USD Paid
04 May 2017 18 May 2017 Quarterly 13c USD Paid
03 Aug 2017 17 Aug 2017 Quarterly 15c USD Paid
03 Nov 2017 16 Nov 2017 Quarterly 15c USD Paid
02 Feb 2018 15 Feb 2018 Quarterly 15c USD Paid
04 May 2018 17 May 2018 Quarterly 15c USD Paid
03 Aug 2018 16 Aug 2018 Quarterly 21c USD Paid
02 Nov 2018 15 Nov 2018 Quarterly 21c USD Paid
01 Feb 2019 14 Feb 2019 Quarterly 21c USD Paid
03 May 2019 16 May 2019 Quarterly 21c USD Paid
02 Aug 2019 15 Aug 2019 Quarterly 22c USD Paid
01 Nov 2019 14 Nov 2019 Quarterly 22c USD Paid
06 Feb 2020 13 Feb 2020 Quarterly 22c USD Paid
01 May 2020 14 May 2020 Quarterly 22c USD Paid
31 Jul 2020 13 Aug 2020 Quarterly 22c USD Declared
30 Oct 2020 12 Nov 2020 Quarterly Sign Up Required USD Forecast
04 Feb 2021 11 Feb 2021 Quarterly Sign Up Required USD Forecast
30 Apr 2021 13 May 2021 Quarterly Sign Up Required USD Forecast
30 Jul 2021 12 Aug 2021 Quarterly Sign Up Required USD Forecast
29 Oct 2021 12 Nov 2021 Quarterly Sign Up Required USD Forecast
03 Feb 2022 10 Feb 2022 Quarterly Sign Up Required USD Forecast
29 Apr 2022 12 May 2022 Quarterly Sign Up Required USD Forecast
29 Jul 2022 11 Aug 2022 Quarterly Sign Up Required USD Forecast
28 Oct 2022 14 Nov 2022 Quarterly Sign Up Required USD Forecast
02 Feb 2023 09 Feb 2023 Quarterly Sign Up Required USD Forecast
28 Apr 2023 11 May 2023 Quarterly Sign Up Required USD Forecast
28 Jul 2023 10 Aug 2023 Quarterly Sign Up Required USD Forecast
27 Oct 2023 13 Nov 2023 Quarterly Sign Up Required USD Forecast
01 Feb 2024 08 Feb 2024 Quarterly Sign Up Required USD Forecast
26 Apr 2024 09 May 2024 Quarterly Sign Up Required USD Forecast
26 Jul 2024 08 Aug 2024 Quarterly Sign Up Required USD Forecast
25 Oct 2024 11 Nov 2024 Quarterly Sign Up Required USD Forecast
30 Jan 2025 06 Feb 2025 Quarterly Sign Up Required USD Forecast

How accurate are our Synchrony Financial forecasts?

Prediction Date Dividend Date Forecast Amount Actual Amount Accuracy
27 Apr 2020 31 Jul 2020 23c 22c 98% πŸ˜ƒ
29 Jan 2020 06 Feb 2020 22c 22c 100% πŸ˜„
19 Aug 2019 31 Jul 2020 27c 22c 90% 😊
19 Aug 2019 01 May 2020 22c 22c 100% πŸ˜„
19 Aug 2019 06 Feb 2020 22c 22c 100% πŸ˜„
19 Aug 2019 01 Nov 2019 22c 22c 100% πŸ˜„
Average Synchrony Financial Forecast Accuracy 98% πŸ˜ƒ

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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.

Fundamentals

Optimized Dividends

Annual Dividends

Year Amount Change
2006 0.0c
2007 0.0c 0%
2008 0.0c 0%
2009 0.0c 0%
2010 0.0c 0%
2011 0.0c 0%
2012 0.0c 0%
2013 0.0c 0%
2014 0.0c 0%
2015 0.0c 0%
2016 39.0c 100%
2017 58.0c 48.7%
2018 78.0c 34.5%
2019 87.0c 11.5%
2020 Login required
2021 Login required
2022 Login required
2023 Login required
2024 Login required

Dividends

Ex-Div Date Pay Date Year Type Frequency Status Amount
10 Aug 2016 25 Aug 2016 2016 Interim Quarterly Paid 13c
03 Nov 2016 17 Nov 2016 2016 Interim Quarterly Paid 13c
02 Feb 2017 16 Feb 2017 2016 Final Quarterly Paid 13c
04 May 2017 18 May 2017 2017 Interim Quarterly Paid 13c
03 Aug 2017 17 Aug 2017 2017 Interim Quarterly Paid 15c
03 Nov 2017 16 Nov 2017 2017 Interim Quarterly Paid 15c
02 Feb 2018 15 Feb 2018 2017 Final Quarterly Paid 15c
04 May 2018 17 May 2018 2018 Interim Quarterly Paid 15c
03 Aug 2018 16 Aug 2018 2018 Interim Quarterly Paid 21c
02 Nov 2018 15 Nov 2018 2018 Interim Quarterly Paid 21c
01 Feb 2019 14 Feb 2019 2018 Final Quarterly Paid 21c
03 May 2019 16 May 2019 2019 Interim Quarterly Paid 21c
02 Aug 2019 15 Aug 2019 2019 Interim Quarterly Paid 22c
01 Nov 2019 14 Nov 2019 2019 Interim Quarterly Paid 22c
06 Feb 2020 13 Feb 2020 2019 Final Quarterly Paid 22c
01 May 2020 14 May 2020 2020 Interim Quarterly Paid 22c
31 Jul 2020 13 Aug 2020 2020 Interim Quarterly Declared 22c
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Synchrony Financial optimized dividend - 12 month history