Synchrony Financial (NYSE:SYF) to Issue Quarterly Dividend of $0.30

Synchrony Financial (NYSE:SYF) declared a quarterly dividend on Tuesday, January 27th. Investors of record on Friday, February 6th will be given a dividend of 0.30 per share by the financial services provider on Tuesday, February 17th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, February 6th.

Synchrony Financial has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 4 years. Synchrony Financial has a payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Synchrony Financial to earn $8.73 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 13.7%.

Synchrony Financial Stock Performance

Shares of SYF opened at $73.87 on Wednesday. Synchrony Financial has a 12-month low of $40.54 and a 12-month high of $88.77. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.91. The company has a market cap of $26.61 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 0.53 and a beta of 1.43. The stock has a 50-day moving average price of $80.96 and a 200-day moving average price of $75.66.

Insider Buying and Selling at Synchrony Financial

In other news, insider Curtis Howse sold 12,086 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $74.02, for a total value of $894,605.72. Following the sale, the insider directly owned 108,271 shares in the company, valued at approximately $8,014,219.42. This represents a 10.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Mothner sold 32,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $72.80, for a total value of $2,329,600.00. Following the transaction, the insider owned 127,100 shares of the company’s stock, valued at approximately $9,252,880. The trade was a 20.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 55,075 shares of company stock worth $4,036,892 over the last three months. 0.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Synchrony Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Westside Investment Management Inc. increased its holdings in shares of Synchrony Financial by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 179 shares during the period. FWL Investment Management LLC purchased a new position in Synchrony Financial in the third quarter valued at about $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in Synchrony Financial in the second quarter worth about $26,000. Palisade Asset Management LLC bought a new stake in shares of Synchrony Financial in the 3rd quarter valued at about $29,000. Finally, Salomon & Ludwin LLC grew its position in shares of Synchrony Financial by 54.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock worth $29,000 after buying an additional 146 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

About Synchrony Financial

Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.

Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.