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SNV Synovus Financial dividend history, payout ratio & dates

Synovus Financial's most recent quarterly dividend of $0.34 per share was on Sep 14, 2022 (ex-date). At an annualized rate of $1.35 per share, the stock yields 3.49%.

Key dates

  • SNV last dividend date: Sep 14, 2022
  • SNV next dividend date: Not announced
SNV dividend stats
DPS
$1.35
Dividend yield
3.27%
Payout ratio
28%
vs. Financial Services sector
Dividend yield
2.89%
Payout ratio
30.2%

Dividend yield

What is Synovus Financial current dividend yield

SNV has a dividend yield of 3.49% 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 2.89%, Synovus Financial's dividend yield is 21% higher. Historically SNV's dividend yield has averaged at 3.4% 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 2.3% for the last year. And since the stock price has gone down by 15% from a year ago, the dividend yield has increased by 20%.

Recent dividends

Ex-date Payment date Declared on Amount Type
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 28% which is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 30.2%, Synovus Financial's payout ratio is 7% lower.

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
UBSI United Bankshares Inc 3.79% $1.44 55.8%
FITB Fifth Third Bancorp 3.59% $1.23 36.8%
PNC Pnc Financial Services Group Inc 3.42% $5.5 43%
RF Regions Financial Corp 3.32% $0.71 31.6%
SNV Synovus Financial Corp 3.27% $1.35 28%
FCBC First Community Bankshares Inc 3.26% $1.1 42.3%
FCCO First Community Corp 2.93% $0.51 25.1%
FHN First Horizon Corp 2.58% $0.6 40.5%
WFC Wells Fargo & Company 2.3% $1 23.8%

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 December 2022.

When was SNV's last dividend?

Synovus Financial's last regular dividend was on Sep 14, 2022 (ex-date) with the amount of $0.34 per share.

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

SNV has paid dividend of $1.35 per share in the last year.

What is Synovus Financial's dividend yield?

Synovus Financial's current dividend yield is 3.49%.

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 28%.

Does Synovus Financial pay a good dividend?

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