Synovus Financial's most recent quarterly dividend of $0.38 per share was on Mar 15, 2023 (ex-date). At an annualized rate of $1.4 per share, the stock yields 5.17%. The latest SNV distribution of $0.38 marks a dividend growth of 12%.
SNV has a dividend yield of 5.17% 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 3.91%, Synovus Financial's dividend yield is 32% higher. Historically SNV's dividend yield has averaged at 3.7% in the last 5 years, which is less than the current one.
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 5% for the last year. And since the stock price has gone down by 36% from a year ago, the dividend yield has increased by 66%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 |
SNV has a payout ratio of 26.9% 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 32.1%, Synovus Financial's payout ratio is 16% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FHN First Horizon Corp | 5.82% | $0.6 | 34.9% |
| FITB Fifth Third Bancorp | 5.32% | $1.29 | 37.3% |
| PNC Pnc Financial Services Group Inc | 5.18% | $6 | 41% |
| SNV Synovus Financial Corp | 5.17% | $1.4 | 26.9% |
| UBSI United Bankshares Inc | 4.89% | $1.44 | 49% |
| RF Regions Financial Corp | 4.46% | $0.77 | 32.6% |
| FCBC First Community Bankshares Inc | 4.35% | $1.16 | 38.8% |
| FCCO First Community Corp | 3.24% | $0.54 | 27.8% |
| WFC Wells Fargo & Company | 3.01% | $1.2 | 34% |
Yes, Synovus Financial has paid four dividends in the last 12 months. SNV has been paying dividends since 1994.
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 2023.
Synovus Financial's last regular dividend was on Mar 15, 2023 (ex-date) with the amount of $0.38 per share.
SNV has paid dividend of $1.4 per share in the last year.
Synovus Financial's current dividend yield is 5.17%.
Synovus Financial pays dividends quarterly.
Synovus Financial's dividend payout ratio is 26.9%.
Synovus Financial's dividend yield is more than the Financial Services sector average.