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SNV Synovus Financial dividend history, payout ratio & dates

Synovus Financial's most recent dividend of $0.38 per share was on Sep 19, 2024 (ex-date). At an annualized rate of $1.52 per share, the stock yields 2.73%.

Key dates

  • SNV last dividend date: Sep 19, 2024
SNV dividend stats
DPS
$1.52
Dividend yield
2.73%
Payout ratio
68.2%
vs. Financial Services sector
Dividend yield
2.58%
Payout ratio
44.9%

Dividend yield

What is Synovus Financial current dividend yield

SNV has a dividend yield of 2.73% which is higher than the Financial Services sector average but lower than the industry and its peers average. If we compare it with the Financial Services sector average of 2.58%, Synovus Financial's dividend yield is 6% higher. Historically SNV's dividend yield has averaged at 4.2% in the last 5 years, which is more than 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 2.7% for the last year. However since the stock price has gone up by 58% from a year ago, the dividend yield has decreased by 35%.

Recent dividends

Ex-date Amount Yield (TTM)
Sep 19, 2024 $0.38 3.33%
Jun 20, 2024 $0.38 4.12%
Mar 20, 2024 $0.38 3.94%
Dec 20, 2023 $0.38 4.08%
Sep 20, 2023 $0.38 5.21%
Jun 14, 2023 $0.38 4.73%
Mar 15, 2023 $0.38 4.78%
Dec 14, 2022 $0.34 3.64%
Sep 14, 2022 $0.34 3.42%
Jun 15, 2022 $0.34 3.66%
Mar 16, 2022 $0.34 2.65%
Dec 15, 2021 $0.33 2.81%
Sep 15, 2021 $0.33 3.29%
Jun 16, 2021 $0.33 2.78%
Mar 17, 2021 $0.33 2.74%
Dec 16, 2020 $0.33 3.99%
Sep 16, 2020 $0.33 5.83%
Jun 17, 2020 $0.33 5.7%
Mar 18, 2020 $0.33 9.65%
Dec 18, 2019 $0.3 3.09%
Sep 18, 2019 $0.3 3.08%
Jun 19, 2019 $0.3 3.3%
Mar 20, 2019 $0.3 2.87%
Dec 19, 2018 $0.25 3.25%
Sep 19, 2018 $0.25 1.89%
Jun 20, 2018 $0.25 1.44%
Mar 14, 2018 $0.25 1.35%
Dec 20, 2017 $0.15 1.23%
Sep 20, 2017 $0.15 1.3%
Jun 13, 2017 $0.15 1.22%
Mar 14, 2017 $0.15 1.21%
Dec 13, 2016 $0.12 1.18%
Sep 13, 2016 $0.12 1.48%
Jun 14, 2016 $0.12 1.55%
Mar 15, 2016 $0.12 1.52%
Dec 15, 2015 $0.12 1.31%
Sep 15, 2015 $0.1 1.3%
Jun 16, 2015 $0.1 1.2%
Mar 17, 2015 $0.1 1.19%

Synovus Financial dividend payout ratio

What is Synovus Financial dividend payout ratio compared to the sector

Payout ratio

SNV has a payout ratio of 68.2% 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 44.9%, Synovus Financial's payout ratio is 52% 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 3.73% $0.98 55.4%
UBSI United Bankshares Inc 3.55% $1.48 56.1%
PNC Pnc Financial Services Group Inc 3.02% $6.3 53.2%
FITB Fifth Third Bancorp 3.01% $1.42 47%
FHN First Horizon Corp 2.9% $0.6 43.2%
SNV Synovus Financial Corp 2.73% $1.52 68.2%
FCBC First Community Bankshares Inc 2.62% $1.2 43.8%
FCCO First Community Corp 2.26% $0.58 33.9%
WFC Wells Fargo & Company 2.02% $1.5 30.7%

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 was SNV's last dividend?

Synovus Financial's last regular dividend was on Sep 19, 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 2.73%.

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 68.2%.

Does Synovus Financial pay a good dividend?

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

Special dividends are included in TTM DPS and yield. Data from and Sharadar.