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%.
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.
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%.
| 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'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.
| 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% |
Yes, Synchrony Financial has been paying dividends for the last six years.
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.
Synchrony Financial's last dividend ex-date was on Jul 29, 2022. The dividend amount was $0.23 per share.
SYF's annualized dividend per share is $0.89.
Synchrony Financial's current dividend yield is 2.8%.
Synchrony Financial has a quarterly dividend frequency.
Synchrony Financial's dividend payout ratio is 12.8%.
Synchrony Financial's dividend yield is in line with the Financial Services sector average.