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SYF Synchrony Financial dividend history, payout ratio & dates

Synchrony Financial's most recent quarterly dividend payment of $0.23 per share was made to shareholders on record before Jul 29, 2022. At an annualized rate of $0.89 per share, the stock yields 2.8%. The latest SYF stock dividend of $0.23 is an increase from the previous $0.22 distribution, representing a growth of 4.5%.

Key dates

  • SYF last dividend date: Jul 29, 2022
  • SYF next dividend date: Not announced
SYF dividend stats
DPS
$0.89
Dividend yield
2.8%
Payout ratio
12.8%
vs. Financial Services sector
Dividend yield
2.81%
Payout ratio
30.1%

Dividend yield

What is Synchrony Financial current dividend yield

Synchrony Financial's dividend yield of 2.8% is higher than the industry average but lower than the Financial Services sector average. But in comparison with the Financial Services sector average of 2.81%, Synchrony Financial's dividend yield is only 0.4% lower. The historical 5-year average of SYF's dividend yield is 2.5%, which is lower than the current one.

Dividend history

What is SYF dividend payout history and dates

Synchrony Financial has been paying dividends for the last six years. According to our data SYF has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 1.1% for the last year. And since the stock price has gone down by 37% from a year ago, the dividend yield has increased by 60%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Jul 29, 2022 Aug 11, 2022 Jul 21, 2022 $0.23 normal
Apr 29, 2022 May 12, 2022 Apr 21, 2022 $0.22 normal
Feb 9, 2022 Feb 15, 2022 Jan 25, 2022 $0.22 normal
Oct 29, 2021 Nov 12, 2021 Oct 21, 2021 $0.22 normal
Jul 30, 2021 Aug 12, 2021 Jul 22, 2021 $0.22 normal
Apr 30, 2021 May 13, 2021 Apr 22, 2021 $0.22 normal
Feb 4, 2021 Feb 16, 2021 Jan 26, 2021 $0.22 normal
Oct 30, 2020 Nov 12, 2020 Oct 21, 2020 $0.22 normal
Jul 31, 2020 Aug 13, 2020 Jul 22, 2020 $0.22 normal
May 1, 2020 May 14, 2020 Apr 24, 2020 $0.22 normal
Feb 6, 2020 Feb 13, 2020 Jan 28, 2020 $0.22 normal
Nov 1, 2019 Nov 14, 2019 Oct 23, 2019 $0.22 normal
Aug 2, 2019 Aug 15, 2019 Jul 24, 2019 $0.22 normal
May 3, 2019 May 16, 2019 Apr 24, 2019 $0.21 normal
Feb 1, 2019 Feb 14, 2019 Jan 22, 2019 $0.21 normal
Nov 2, 2018 Nov 15, 2018 Oct 24, 2018 $0.21 normal
Aug 3, 2018 Aug 16, 2018 Jul 26, 2018 $0.21 normal
May 4, 2018 May 17, 2018 Apr 25, 2018 $0.15 normal
Feb 2, 2018 Feb 15, 2018 Jan 23, 2018 $0.15 normal
Nov 3, 2017 Nov 16, 2017 Oct 25, 2017 $0.15 normal
Aug 3, 2017 Aug 17, 2017 Jul 26, 2017 $0.15 normal
May 4, 2017 May 18, 2017 Apr 26, 2017 $0.13 normal
Feb 2, 2017 Feb 16, 2017 Jan 25, 2017 $0.13 normal
Nov 3, 2016 Nov 17, 2016 Oct 27, 2016 $0.13 normal
Aug 10, 2016 Aug 25, 2016 Jul 7, 2016 $0.13 normal

Synchrony Financial dividend payout ratio

What is Synchrony Financial dividend payout ratio compared to the sector

Payout ratio

Synchrony Financial's payout ratio of 12.8% is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 30.1%, Synchrony Financial's payout ratio is 57% lower.

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

SYF dividend vs peer dividends

How does SYF dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
SYF Synchrony Financial 2.8% $0.89 12.8%
V Visa Inc 0.8% $1.5 22.1%
MA Mastercard Inc 0.63% $1.91 19.3%

Frequently asked questions

Does Synchrony Financial pay a dividend?

Yes, Synchrony Financial has been paying dividends for the last six years.

When is Synchrony Financial's next dividend?

Currently SYF's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in October 2022.

When was SYF's last dividend?

Synchrony Financial's last dividend ex-date was on Jul 29, 2022. The dividend amount was $0.23 per share.

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

SYF's annualized dividend per share is $0.89.

What is Synchrony Financial's dividend yield?

Synchrony Financial's current dividend yield is 2.8%.

How often does Synchrony Financial pay dividends?

Synchrony Financial has a quarterly dividend frequency.

What is Synchrony Financial's dividend payout ratio?

Synchrony Financial's dividend payout ratio is 12.8%.

Does Synchrony Financial pay a good dividend?

Synchrony Financial's dividend yield is in line with the Financial Services sector average.