Synchrony Financial Announces Plans to Increase Quarterly Common Stock Dividend to $0.15 Per Share & Approval of a $1.64 Bill...
May 18 2017 - 4:30PM
Business Wire
Synchrony Financial (NYSE:SYF) announced today that its Board of
Directors intends to increase the quarterly cash dividend to $0.15
per share of common stock, commencing the third quarter of 2017,
and has approved a share repurchase program of up to $1.64 billion
through June 30, 2018. The company expects to make share
repurchases from time to time subject to market conditions and
other factors, including legal and regulatory restrictions and
required approvals.
About Synchrony Financial
Synchrony Financial (NYSE: SYF) is one of the nation’s premier
consumer financial services companies. Our roots in consumer
finance trace back to 1932, and today we are the largest provider
of private label credit cards in the United States based on
purchase volume and receivables.* We provide a range of credit
products through programs we have established with a diverse group
of national and regional retailers, local merchants, manufacturers,
buying groups, industry associations and healthcare service
providers to help generate growth for our partners and offer
financial flexibility to our customers. Through our partners’ over
365,000 locations across the United States and Canada, and their
websites and mobile applications, we offer our customers a variety
of credit products to finance the purchase of goods and services.
Synchrony Financial offers private label and co-branded Dual Card™
credit cards, promotional financing and installment lending,
loyalty programs and FDIC-insured savings products through
Synchrony Bank. More information can be found at
www.synchronyfinancial.com, facebook.com/SynchronyFinancial,
www.linkedin.com/company/synchrony-financial and
twitter.com/SYFNews.
*Source: The Nilson Report (May 2016, Issue # 1087) - based on
2015 data.
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version on businesswire.com: http://www.businesswire.com/news/home/20170518006128/en/
Synchrony FinancialInvestor Relations:Greg Ketron,
203-585-6291orJennifer Church,
203-585-6508InvestorRelations@syf.comorMedia Relations:Samuel Wang,
203-585-2933Media.Relations@syf.com
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