Today’s Dividend Flows: $0.13 dividends are now a reality for Synchrony Financial (NYSE:SYF) shareholders. Here’s why.

Today's Dividend Flows: $0.13 dividends are now a reality for Synchrony Financial (NYSE:SYF) shareholders. Here's why.

Synchrony Financial (NYSE:SYF) is expected to pay $0.13 on Nov 17, 2016. The indicated annual dividend is $0.52. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Synchrony Financial’s current price of $28.76, the dividend is 0.45%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 28, 2016. About 73,682 shares traded hands. Synchrony Financial (NYSE:SYF) has declined 0.35% since March 31, 2016 and is downtrending. It has underperformed by 2.87% the S&P500.

Synchrony Financial is a consumer financial services company. The company has a market cap of $23.72 billion. The Firm provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. It has a 10.81 P/E ratio. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

Synchrony Financial (NYSE:SYF) Ratings Coverage

Out of 18 analysts covering Synchrony Financial (NYSE:SYF), 14 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 78% are positive. Synchrony Financial has been the topic of 27 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, October 19 by BMO Capital Markets. The stock has “Buy” rating given by Zacks on Tuesday, August 18. The stock of Synchrony Financial (NYSE:SYF) earned “Neutral” rating by Bank of America on Friday, April 8. The firm has “Buy” rating given on Monday, November 23 by Sterne Agee CRT. The stock of Synchrony Financial (NYSE:SYF) earned “Outperform” rating by Wedbush on Tuesday, October 11. The stock has “Buy” rating given by Buckingham Research on Wednesday, August 26. The rating was initiated by Sterne Agee CRT on Thursday, September 10 with “Neutral”. The rating was maintained by Jefferies on Wednesday, June 15 with “Buy”. The company was upgraded on Wednesday, January 13 by Goldman Sachs. The stock has “Buy” rating given by DA Davidson on Wednesday, January 13.

More notable recent Synchrony Financial (NYSE:SYF) news were published by: Businessinsider.com which released: “Synchrony Financial has simplified mobile buying” on October 31, 2016, also Fool.com with their article: “Synchrony Financial: Give Credit to Its Third Quarter” published on October 24, 2016, Businesswire.com published: “Synchrony Financial Plug-in Easily Integrates Credit into Retailers’ Mobile Apps” on October 24, 2016. More interesting news about Synchrony Financial (NYSE:SYF) were released by: Blogs.Wsj.com and their article: “Synchrony Financial Joins R3 Blockchain Group” published on October 24, 2016 as well as Thestreet.com‘s news article titled: “Synchrony Financial (SYF) Stock Climbs on Q3 Results” with publication date: October 21, 2016.

SYF Company Profile

Synchrony Financial (Synchrony), incorporated on September 12, 2003, is a consumer financial services company. The Firm provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit. It offers its credit products through its subsidiary, Synchrony Bank (the Bank). Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts.

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