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Synovus Financial (SNV) Dividend Yield, Date & History

Synovus Financial logo
$50.35 +0.67 (+1.35%)
(As of 12/20/2024 05:31 PM ET)

Synovus Financial Dividend Summary

Dividend Yield
3.02%
Annual Dividend
$1.52
Next
Dividend Payment
Jan. 2
Annualized 3-Year
Dividend Growth
4.81%
Dividend Payout Ratio
68.78%

Synovus Financial (SNV) pays an annual dividend of $1.52 per share, with a dividend yield of 3.02%. The next quarterly payment of $0.38 per share is scheduled for Thursday, January 2, to investors who owned the stock before the ex-dividend date of Thursday, December 19. The company currently pays out 68.78% of its earnings and 32.57% of its cash flow as dividends.

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SNV Dividend Payments by Quarter

The chart below displays up to four years of Synovus Financial's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

SNV Dividend Yield Over Time

The chart below tracks Synovus Financial's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Synovus Financial vs. The Competition

Compare Synovus Financial's annual dividend, yield, and 3-year growth rate with averages for Finance and NYSE companies to evaluate its performance against the market.

TypeSynovus FinancialFinance CompaniesNYSE Companies
Annual Dividend$1.52$0.02$1.39
Dividend Yield3.02%10.01%3.58%
Annualized 3-Year Dividend Growth4.81%12.89%15.78%

Synovus Financial Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings68.78%
Based on This Year's Estimate34.78%
Based on Next Year's Estimate32.62%
Based on Cashflow32.57%

Synovus Financial Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
12/3/2024quarterly$0.38 - 2.71%12/19/202412/19/20241/2/2025
9/3/2024Quarterly$0.38 - 3.45%9/19/20249/19/202410/1/2024
6/3/2024Quarterly$0.38 - 4.04%6/20/20246/20/20247/1/2024
3/4/2024Quarterly$0.38 - 3.8%3/20/20243/21/20244/1/2024
12/1/2023Quarterly$0.38 - 4.51%12/20/202312/21/20231/2/2024
9/1/2023Quarterly$0.38 - 4.94%9/20/20239/21/202310/2/2023
6/1/2023Quarterly$0.38 - 5.12%6/14/20236/15/20237/3/2023
3/2/2023Quarterly$0.38+$0.04
11.76%
3.68%3/15/20233/16/20234/3/2023

This table shows Synovus Financial's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Synovus Financial Dividend - Frequently Asked Questions

The current dividend yield for Synovus Financial is 3.02%. Learn more on SNV's dividend yield history.

The annual dividend for SNV shares is $1.52. Learn more on SNV's annual dividend history.

Synovus Financial pays quarterly dividends to shareholders.

Synovus Financial's next quarterly dividend payment of $0.38 per share will be made to shareholders on Thursday, January 2, 2025.

Synovus Financial's most recent quarterly dividend payment of $0.38 per share was made to shareholders on Tuesday, October 1, 2024.

Synovus Financial's most recent ex-dividend date was Thursday, December 19, 2024.

Over the past three years, the company's dividend has grown by an average of 4.81% per year.

The most recent change in the company's dividend was an increase of $0.04 on Thursday, March 2, 2023.

The dividend payout ratio for SNV is:
  • 68.78% based on the trailing year of earnings
  • 34.78% based on this year's estimates
  • 32.62% based on next year's estimates
  • 32.57% based on cash flow

Synovus Financial's dividend yield of 2.81% is lower than the average Finance company that issues a dividend. Synovus Financial's dividend payout ratio of 68.78% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Synovus Financial stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.


This page (NYSE:SNV) was last updated on 12/21/2024 by MarketBeat.com Staff
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