- Synchrony Financial (SYF, Financial) increased its quarterly dividend by 20% to $0.30 per share.
- The company announced a new $2.5 billion share repurchase program.
- Preferred stock dividends set at approximately $14.06 and $20.63 per share for Series A and B, respectively.
Synchrony Financial (SYF) has reported its first-quarter results for 2025, unveiling key initiatives to enhance shareholder returns. The Board of Directors declared a quarterly cash dividend of $0.30 per share, marking a 20% increase from the previous payout. This dividend will be distributed on May 15, 2025, to shareholders recorded by May 5, 2025.
Moreover, Synchrony has announced a new share repurchase program valued at up to $2.5 billion. This program will commence in the second quarter of 2025 and continue through June 30, 2026, following the completion of its prior buyback initiative. The repurchase program equates to a significant 13.2% of Synchrony's current market capitalization of $18.9 billion, potentially reducing the outstanding share count.
The company also confirmed quarterly dividends for its Series A and Series B Preferred Stock, with payments of approximately $14.06 and $20.63 per share, respectively. These decisions to augment shareholder value demonstrate Synchrony's robust capital allocation strategy and commitment to consistent return on investments for its shareholders.
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