Synchrony Financial (NYSE:SYF) Shareholders to Get $0.34 Quarterly Dividend

Synchrony Financial (NYSE:SYF) announced a quarterly dividend on Tuesday, October 20th. Shareholders of record on Thursday, November 5th will be given a dividend of $0.34 per share by the financial services provider on Monday, November 16th. This represents a $1.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, November 5th.

Synchrony Financial has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Synchrony Financial has a dividend payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Synchrony Financial to earn $10.44 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 13.0%.

Synchrony Financial Stock Up 0.3%

NYSE:SYF opened at $73.61 on Wednesday. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77. The company has a market cap of $23.95 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. The stock has a fifty day simple moving average of $75.78 and a 200-day simple moving average of $74.63. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, October 20th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.26. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.81 billion. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. During the same period in the previous year, the firm earned $2.86 earnings per share. Analysts anticipate that Synchrony Financial will post 9.40 EPS for the current year.

About Synchrony Financial

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides private-label credit cards, co-branded credit cards and promotional financing programs. Its financing products are offered through retailers, manufacturers, healthcare providers and other businesses, helping consumers pay for purchases over time.

The company serves a range of industries, including digital commerce, home improvement, furniture, automotive, healthcare, jewelry, apparel, electronics and specialty retail.