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

Synchrony Financial (NYSE:SYF) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Wednesday, November 5th will be given a dividend of 0.30 per share by the financial services provider on Monday, November 17th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, November 5th.

Synchrony Financial has a payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Synchrony Financial to earn $8.73 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 13.7%.

Synchrony Financial Stock Up 0.3%

SYF stock opened at $73.23 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average is $73.53 and its 200 day moving average is $65.39. The stock has a market cap of $27.24 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 0.73 and a beta of 1.50. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $77.41.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.64. Synchrony Financial had a net margin of 15.84% and a return on equity of 22.96%. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the business earned $1.94 earnings per share. Synchrony Financial’s revenue for the quarter was up .2% compared to the same quarter last year. Synchrony Financial has set its FY 2025 guidance at EPS. Sell-side analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 3.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Synchrony Financial Company Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.