Synchrony Financial (NYSE:SYF) to Issue $0.30 Quarterly Dividend

Synchrony Financial (NYSE:SYF) declared a quarterly dividend on Tuesday, April 21st. Stockholders of record on Tuesday, May 5th will be paid a dividend of 0.30 per share by the financial services provider on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, May 5th.

Synchrony Financial has increased 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 payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Synchrony Financial to earn $10.20 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 11.8%.

Synchrony Financial Price Performance

Shares of NYSE:SYF traded down $0.81 during trading on Tuesday, hitting $77.77. 6,611,470 shares of the company were exchanged, compared to its average volume of 3,072,799. The business’s 50 day moving average is $69.70 and its 200-day moving average is $74.63. The company has a market capitalization of $27.03 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 0.69 and a beta of 1.39. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. Synchrony Financial has a 1-year low of $46.13 and a 1-year high of $88.77.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.13. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.81 billion. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.89 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Equities analysts forecast that Synchrony Financial will post 9.28 earnings per share for the current year.

Insider Activity at Synchrony Financial

In other news, insider Bart Schaller sold 12,980 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $67.71, for a total transaction of $878,875.80. Following the transaction, the insider owned 34,035 shares of the company’s stock, valued at $2,304,509.85. This represents a 27.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian J. Sr. Wenzel sold 47,112 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $67.16, for a total transaction of $3,164,041.92. Following the transaction, the insider directly owned 64,221 shares in the company, valued at $4,313,082.36. This trade represents a 42.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 379,928 shares of company stock worth $26,170,764. 0.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Synchrony Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Synchrony Financial by 1.0% in the 3rd quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock worth $1,355,698,000 after acquiring an additional 191,920 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Synchrony Financial by 5.4% in the 3rd quarter. Bank of America Corp DE now owns 14,335,213 shares of the financial services provider’s stock worth $1,018,517,000 after acquiring an additional 739,832 shares during the last quarter. Morgan Stanley raised its holdings in shares of Synchrony Financial by 7.6% in the 4th quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock worth $519,778,000 after acquiring an additional 442,226 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Synchrony Financial by 10.4% in the 4th quarter. Invesco Ltd. now owns 5,490,921 shares of the financial services provider’s stock worth $458,108,000 after acquiring an additional 517,781 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Synchrony Financial by 8.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,307,077 shares of the financial services provider’s stock worth $354,194,000 after acquiring an additional 406,796 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

About Synchrony Financial

Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.

Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.