Synchrony Financial (SYF) To Go Ex-Dividend on November 5th

Synchrony Financial (NYSE:SYF) declared a quarterly dividend on Tuesday, October 20th. Stockholders of record on Thursday, November 5th will be paid a dividend of $0.34 per share by the financial services provider on Monday, November 16th. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, November 5th.

Synchrony Financial has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 4 years. Synchrony Financial has a payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Synchrony Financial to earn $10.57 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 12.9%.

Synchrony Financial Stock Up 1.9%

SYF opened at $76.78 on Tuesday. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77. The firm’s 50 day simple moving average is $74.97 and its two-hundred day simple moving average is $73.63. The company has a market capitalization of $23.91 billion, a PE ratio of 8.02, a PEG ratio of 0.93 and a beta of 1.35. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.15.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, October 20th. The financial services provider reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.26. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.81 billion. Synchrony Financial had a return on equity of 22.26% and a net margin of 14.59%. During the same period in the previous year, the business earned $2.86 earnings per share. As a group, equities analysts forecast that Synchrony Financial will post 9.60 EPS for the current year.

Institutional Investors Weigh In On Synchrony Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Synchrony Financial during the 2nd quarter worth about $2,349,452,000. Bank of America Corp DE acquired a new stake in Synchrony Financial in the second quarter valued at $1,122,961,000. Legal & General Group Plc purchased a new stake in Synchrony Financial during the second quarter worth approximately $209,305,000. Bank of New York Mellon Corp acquired a new stake in Synchrony Financial during the 2nd quarter worth $193,684,000. Finally, Deutsche Bank AG acquired a new stake in shares of Synchrony Financial in the 2nd quarter valued at about $186,973,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Company Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides private-label credit cards, co-branded credit cards and promotional financing programs. Its financing products are offered through retailers, manufacturers, healthcare providers and other businesses, helping consumers pay for purchases over time.

The company serves a range of industries, including digital commerce, home improvement, furniture, automotive, healthcare, jewelry, apparel, electronics and specialty retail.