On January 02, 2024, Synovus Finl SNV will distribute a dividend payout of $0.38 per share, equating to an annualized dividend yield of 4.94%. Shareholders who owned the stock before the ex-dividend date on December 20, 2023 will receive this payout.
Synovus Finl Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-20 | 4 | $0.38 | 4.94% | 2023-12-01 | 2023-12-21 | 2024-01-02 |
| 2023-09-20 | 4 | $0.38 | 4.91% | 2023-09-01 | 2023-09-21 | 2023-10-02 |
| 2023-06-14 | 4 | $0.38 | 5.61% | 2023-06-01 | 2023-06-15 | 2023-07-03 |
| 2023-03-15 | 4 | $0.38 | 3.64% | 2023-03-02 | 2023-03-16 | 2023-04-03 |
| 2022-12-14 | 4 | $0.34 | 3.23% | 2022-12-01 | 2022-12-15 | 2023-01-03 |
| 2022-09-14 | 4 | $0.34 | 3.39% | 2022-09-01 | 2022-09-15 | 2022-10-03 |
| 2022-06-15 | 4 | $0.34 | 3.25% | 2022-06-02 | 2022-06-16 | 2022-07-01 |
| 2022-03-16 | 4 | $0.34 | 2.63% | 2022-03-03 | 2022-03-17 | 2022-04-01 |
| 2021-12-15 | 4 | $0.33 | 2.97% | 2021-12-02 | 2021-12-16 | 2022-01-03 |
| 2021-09-15 | 4 | $0.33 | 3.09% | 2021-09-02 | 2021-09-16 | 2021-10-01 |
| 2021-06-16 | 4 | $0.33 | 2.7% | 2021-06-03 | 2021-06-17 | 2021-07-01 |
| 2021-03-17 | 4 | $0.33 | 3.01% | 2021-03-03 | 2021-03-18 | 2021-04-01 |
Synovus Finl's dividend yield falls in the middle range when compared to its industry peers, with New York Community NYCB having the highest annualized dividend yield at 6.65%.
Analyzing Synovus Finl Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $1.32 to $1.52. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Synovus Finl
Investors can observe a growth in earnings for Synovus Finl from 2020 to 2023, as earnings per share increased from $2.27 to $4.68. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article takes an in-depth look at Synovus Finl's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.38 per share today, translating to an annualized dividend yield of 4.94%.
Synovus Finl's dividend yield falls in the middle range when compared to its industry peers, with New York Community having the highest annualized dividend yield at 6.65%.
With an increase in dividend per share and earnings per share from 2020 to 2023, Synovus Finl demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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