Back to SNV overview

SNV Synovus Financial dividend history, payout ratio & dates

  1. Stocks
  2. Financial Services
  3. NYSE: SNV
  4. Dividend

Synovus Financial's most recent quarterly dividend of $0.38 per share was on Mar 20, 2024 (ex-date). At an annualized rate of $1.52 per share, the stock yields 4.15%.

Key dates

  • SNV last dividend date: Mar 20, 2024
  • SNV next dividend date: Not announced
Peer dividends: RF FCBC FITB UBSI WFC PNC FCCO FHN
SNV dividend stats
DPS
$1.52
Dividend yield
4.12%
Payout ratio
43.7%
vs. Financial Services sector
Dividend yield
3.41%
Payout ratio
39.6%

Dividend yield

What is Synovus Financial current dividend yield

SNV has a dividend yield of 4.15% which is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 3.41%, Synovus Financial's dividend yield is 22% higher. Historically SNV's dividend yield has averaged at 4.1% in the last 5 years, which is in line with the current one.

Dividend history

What is SNV dividend payout history and dates

Synovus Financial has a history of paying dividends since 1994. Our records of SNV show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 9% for the last year. However since the stock price has gone up by 24% from a year ago, the dividend yield has decreased by 13%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Mar 20, 2024 Apr 1, 2024 Mar 4, 2024 $0.38 normal
Dec 20, 2023 Jan 2, 2024 Dec 1, 2023 $0.38 normal
Sep 20, 2023 Oct 2, 2023 Sep 1, 2023 $0.38 normal
Jun 14, 2023 Jul 3, 2023 Jun 1, 2023 $0.38 normal
Mar 15, 2023 Apr 3, 2023 Mar 2, 2023 $0.38 normal
Dec 14, 2022 Jan 3, 2023 Dec 1, 2022 $0.34 normal
Sep 14, 2022 Oct 3, 2022 Sep 1, 2022 $0.34 normal
Jun 15, 2022 Jul 1, 2022 Jun 2, 2022 $0.34 normal
Mar 16, 2022 Apr 1, 2022 Mar 3, 2022 $0.34 normal
Dec 15, 2021 Jan 3, 2022 Dec 2, 2021 $0.33 normal
Sep 15, 2021 Oct 1, 2021 Sep 2, 2021 $0.33 normal
Jun 16, 2021 Jul 1, 2021 Jun 3, 2021 $0.33 normal
Mar 17, 2021 Apr 1, 2021 Mar 3, 2021 $0.33 normal
Dec 16, 2020 Jan 4, 2021 Dec 2, 2020 $0.33 normal
Sep 16, 2020 Oct 1, 2020 Sep 4, 2020 $0.33 normal
Jun 17, 2020 Jul 1, 2020 Jun 5, 2020 $0.33 normal
Mar 18, 2020 Apr 1, 2020 Mar 3, 2020 $0.33 normal
Dec 18, 2019 Jan 2, 2020 Dec 4, 2019 $0.3 normal
Sep 18, 2019 Oct 1, 2019 Sep 4, 2019 $0.3 normal
Jun 19, 2019 Jul 1, 2019 Jun 4, 2019 $0.3 normal
Mar 20, 2019 Apr 1, 2019 $0.3 normal
Dec 19, 2018 Jan 2, 2019 Dec 3, 2018 $0.25 normal
Sep 19, 2018 Oct 1, 2018 Sep 4, 2018 $0.25 normal
Jun 20, 2018 Jul 2, 2018 Jun 8, 2018 $0.25 normal
Mar 14, 2018 Apr 2, 2018 Mar 1, 2018 $0.25 normal
Dec 20, 2017 Jan 2, 2018 Dec 8, 2017 $0.15 normal
Sep 20, 2017 Oct 2, 2017 Sep 8, 2017 $0.15 normal
Jun 13, 2017 Jul 3, 2017 $0.15 normal
Mar 14, 2017 Apr 3, 2017 Mar 3, 2017 $0.15 normal
Dec 13, 2016 Jan 2, 2017 Dec 2, 2016 $0.12 normal
Sep 13, 2016 Oct 3, 2016 Sep 1, 2016 $0.12 normal
Jun 14, 2016 Jul 1, 2016 Jun 2, 2016 $0.12 normal
Mar 15, 2016 Apr 1, 2016 Mar 4, 2016 $0.12 normal
Dec 15, 2015 Jan 4, 2016 Dec 3, 2015 $0.12 normal

Synovus Financial dividend payout ratio

What is Synovus Financial dividend payout ratio compared to the sector

Payout ratio

SNV has a payout ratio of 43.7% which is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 39.6%, Synovus Financial's payout ratio is 10% higher.

Total amount of dividends paid per financial year (from cash flow)

SNV dividend vs peer dividends

How does SNV dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
RF Regions Financial Corp 4.69% $0.92 43.6%
UBSI United Bankshares Inc 4.38% $1.46 53.7%
SNV Synovus Financial Corp 4.12% $1.52 43.7%
FHN First Horizon Corp 4.05% $0.6 38%
PNC Pnc Financial Services Group Inc 3.97% $6.2 48.4%
FITB Fifth Third Bancorp 3.74% $1.38 42.7%
FCBC First Community Bankshares Inc 3.46% $1.16 43.4%
FCCO First Community Corp 3.34% $0.56 35.9%
WFC Wells Fargo & Company 2.25% $1.35 27.7%

Frequently asked questions

Does Synovus Financial pay a dividend?

Yes, Synovus Financial has paid four dividends in the last 12 months. SNV has been paying dividends since 1994.

When is Synovus Financial's next dividend?

SNV hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in June 2024.

When was SNV's last dividend?

Synovus Financial's last regular dividend was on Mar 20, 2024 (ex-date) with the amount of $0.38 per share.

How much dividend does Synovus Financial pay (per share)?

SNV has paid dividend of $1.52 per share in the last year.

What is Synovus Financial's dividend yield?

Synovus Financial's current dividend yield is 4.15%.

How often does Synovus Financial pay dividends?

Synovus Financial pays dividends quarterly.

What is Synovus Financial's dividend payout ratio?

Synovus Financial's dividend payout ratio is 43.7%.

Does Synovus Financial pay a good dividend?

Synovus Financial's dividend yield is more than the Financial Services sector average.