Synchrony Financial's most recent quarterly dividend payment of $0.25 per share was made to shareholders on record before Feb 2, 2024. At an annualized rate of $0.98 per share, the stock yields 2.4%.
Synchrony Financial's dividend yield of 2.4% is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 3.56%, Synchrony Financial's dividend yield is 33% lower. The historical 5-year average of SYF's dividend yield is 2.7%, which is higher than the current one.
Synchrony Financial has been paying dividends for the last eight years. According to our data SYF has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 8% for the last year. However since the stock price has gone up by 35% from a year ago, the dividend yield has decreased by 20%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 2, 2024 | Feb 15, 2024 | Jan 24, 2024 | $0.25 | normal |
| Oct 31, 2023 | Nov 9, 2023 | Oct 19, 2023 | $0.25 | normal |
| Jul 28, 2023 | Aug 10, 2023 | Jul 20, 2023 | $0.25 | normal |
| May 1, 2023 | May 12, 2023 | Apr 20, 2023 | $0.23 | normal |
| Feb 3, 2023 | Feb 17, 2023 | Jan 25, 2023 | $0.23 | normal |
| Oct 31, 2022 | Nov 10, 2022 | Oct 20, 2022 | $0.23 | normal |
| 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's payout ratio of 18.8% is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 39.5%, Synchrony Financial's payout ratio is 52% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| SYF Synchrony Financial | 2.35% | $0.98 | 18.8% |
| V Visa Inc | 0.72% | $1.94 | 22.3% |
| MA Mastercard Inc | 0.54% | $2.46 | 20.7% |
Yes, Synchrony Financial has been paying dividends for the last eight years.
Currently SYF's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in May 2024.
Synchrony Financial's last dividend ex-date was on Feb 2, 2024. The dividend amount was $0.25 per share.
SYF's annualized dividend per share is $0.98.
Synchrony Financial's current dividend yield is 2.4%.
Synchrony Financial has a quarterly dividend frequency.
Synchrony Financial's dividend payout ratio is 18.8%.
Synchrony Financial's dividend yield is lower than the Financial Services sector average.