Synchrony Financial (NYSE:SYF) Raises Dividend to $0.34 Per Share

Synchrony Financial (NYSE:SYF) announced a quarterly dividend on Tuesday, July 21st. Shareholders of record on Wednesday, August 5th will be paid a dividend of 0.34 per share by the financial services provider on Monday, August 17th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, August 5th. This is a 13.3% increase from Synchrony Financial’s previous quarterly dividend of $0.30.

Synchrony Financial has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Synchrony Financial has a dividend payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Synchrony Financial to earn $10.35 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 11.6%.

Synchrony Financial Trading Down 1.5%

Shares of NYSE:SYF opened at $72.28 on Wednesday. Synchrony Financial has a 12-month low of $63.08 and a 12-month high of $88.77. The business has a 50 day moving average of $73.20 and a 200-day moving average of $73.22. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. The stock has a market cap of $24.31 billion, a PE ratio of 7.47, a P/E/G ratio of 0.69 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.45. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.73 billion. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.During the same quarter last year, the company earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities research analysts forecast that Synchrony Financial will post 9.34 earnings per share for the current year.

Insider Buying and Selling at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 51,258 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $71.23, for a total transaction of $3,651,107.34. Following the completion of the sale, the insider directly owned 132,664 shares in the company, valued at approximately $9,449,656.72. This represents a 27.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its holdings in Synchrony Financial by 8.9% in the 1st quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider’s stock valued at $439,000 after buying an additional 679 shares during the period. Woodline Partners LP lifted its holdings in shares of Synchrony Financial by 36.2% during the 1st quarter. Woodline Partners LP now owns 35,582 shares of the financial services provider’s stock worth $1,884,000 after acquiring an additional 9,460 shares during the period. Focus Partners Wealth lifted its holdings in shares of Synchrony Financial by 7.7% during the 1st quarter. Focus Partners Wealth now owns 6,406 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 459 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Synchrony Financial by 337.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 455 shares during the period. Finally, Sivia Capital Partners LLC boosted its position in shares of Synchrony Financial by 56.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 2,178 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Company Profile

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.