Synchrony Announces Plans to Increase Quarterly Common Stock Dividend to $0.21 Per Share and Approval of a $2.2 Billion Share Repurchase Program
STAMFORD, Conn.--(BUSINESS WIRE)--May 17, 2018--Synchrony Financial (NYSE: SYF ) announced today that its Board of Directors intends to increase the quarterly cash dividend from $0.15 to $0.21 per share of common stock, commencing the third quarter of 2018, and has approved a share repurchase program of up to $2.2 billion through June 30, 2019.
The company expects to make share repurchases from time to time subject to market conditions and other factors, including legal and regulatory restrictions and required approvals.
Synchrony (NYSE: SYF) is a premier consumer financial services company delivering customized financing programs across key industries including retail, health, auto, travel and home, along with award-winning consumer banking products. With more than $130 billion in sales financed and 74.5 million active accounts, Synchrony brings deep industry expertise, actionable data insights, innovative solutions and differentiated digital experiences to improve the success of every business we serve and the quality of each life we touch. More information can be found at www.synchronyfinancial.com and through Twitter: @Synchrony.
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CONTACT: For Synchrony Financial
Greg Ketron, 203-585-6291
Jennifer Church, 203-585-6508
Sue Bishop, 203-585-2802
KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Synchrony Financial
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PUB: 05/17/2018 04:15 PM/DISC: 05/17/2018 04:15 PM