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.

About Synchrony

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

Investor Relations:

Greg Ketron, 203-585-6291

InvestorRelations@syf.com

or

Jennifer Church, 203-585-6508

InvestorRelations@syf.com

or

Media Relations:

Sue Bishop, 203-585-2802

Media.Relations@syf.com

KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Synchrony Financial

Copyright Business Wire 2018.

PUB: 05/17/2018 04:15 PM/DISC: 05/17/2018 04:15 PM

http://www.businesswire.com/news/home/20180517006291/en