Synchrony Financial is a dividend paying company with a current yield of 2.27% that is well covered by earnings. Next payment date is on 15th May, 2024 with an ex-dividend date of 3rd May, 2024.
Key information
2.3%
Dividend yield
14%
Payout ratio
Industry average yield
2.0%
Next dividend pay date
15 May 24
Ex dividend date
03 May 24
Dividend per share
n/a
Earnings per share
Mex$7.19
Dividend yield forecast in 3Y
2.7%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, SYF * has been paying a dividend for less than 10 years.
Growing Dividend: SYF *'s dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
Synchrony Financial Dividend Yield vs Market
How does SYF * dividend yield compare to the market?
Segment
Dividend Yield
Company (SYF *)
2.3%
Market Bottom 25% (MX)
2.2%
Market Top 25% (MX)
6.6%
Industry Average (Consumer Finance)
2.0%
Analyst forecast in 3 Years (SYF *)
2.7%
Notable Dividend: SYF *'s dividend (2.27%) is higher than the bottom 25% of dividend payers in the MX market (2.17%).
High Dividend: SYF *'s dividend (2.27%) is low compared to the top 25% of dividend payers in the MX market (6.56%).
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (14%), SYF *'s dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SYF *'s dividends in 3 years are forecast to be well covered by earnings (17.3% payout ratio).