Today, November 09, 2023, marks an important moment for investors of Synchrony Finl (NYSE:SYF). The company will distribute a dividend payout of $0.25 per share, demonstrating an annualized dividend yield of 3.34%. Remember, only shareholders prior to the ex-dividend date on October 31, 2023 are eligible for this payout.
Synchrony Finl Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-31 | 4 | $0.25 | 3.34% | 2023-10-19 | 2023-11-01 | 2023-11-09 |
| 2023-07-28 | 4 | $0.25 | 2.77% | 2023-07-20 | 2023-07-31 | 2023-08-10 |
| 2023-05-01 | 4 | $0.23 | 2.99% | 2023-04-20 | 2023-05-02 | 2023-05-12 |
| 2023-02-03 | 4 | $0.23 | 2.6% | 2023-01-25 | 2023-02-06 | 2023-02-17 |
| 2022-10-31 | 4 | $0.23 | 2.91% | 2022-10-20 | 2022-11-01 | 2022-11-10 |
| 2022-07-29 | 4 | $0.23 | 2.76% | 2022-07-21 | 2022-08-01 | 2022-08-11 |
| 2022-04-29 | 4 | $0.22 | 2.17% | 2022-04-21 | 2022-05-02 | 2022-05-12 |
| 2022-02-09 | 4 | $0.22 | 1.96% | 2022-01-25 | 2022-02-10 | 2022-02-17 |
| 2021-10-29 | 4 | $0.22 | 1.69% | 2021-10-21 | 2021-11-01 | 2021-11-12 |
| 2021-07-30 | 4 | $0.22 | 1.87% | 2021-07-22 | 2021-08-02 | 2021-08-12 |
| 2021-04-30 | 4 | $0.22 | 2.19% | 2021-04-22 | 2021-05-03 | 2021-05-13 |
| 2021-02-04 | 4 | $0.22 | 2.4% | 2021-01-26 | 2021-02-05 | 2021-02-16 |
When comparing Synchrony Finl's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer OneMain Holdings (NYSE:OMF) having the highest annualized dividend yield at 10.81%.
Analyzing Synchrony Finl Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $0.86 to $0.90. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Synchrony Finl
Investors can observe a growth in earnings for Synchrony Finl from 2019 to 2022, as earnings per share increased from $4.28 to $6.32. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
In this article, we delve into Synchrony Finl's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.25 per share today, resulting in an annualized dividend yield of 3.34%.
When comparing Synchrony Finl's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer OneMain Holdings having the highest annualized dividend yield at 10.81%.
With an increase in dividend per share and earnings per share from 2019 to 2022, Synchrony Finl demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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