Thursday Is Your Last Chance To Buy Synchrony Finl Before The Dividend Payout

-0.75%

Synchrony Financial

SYF

70.61

-0.75%

Thursday marks the last chance for investors to receive the next dividend payout from Synchrony Finl (NYSE:SYF).

What's Happening

The company announced on Wednesday that it would pay shareholders a quarterly dividend of 25 cents per share. On Friday, Synchrony Finl will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 25 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SYF as of the end of Thursday's session are eligible to receive the 25 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on February 15, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

Track real-time stock fluctuations for Synchrony Finl on Benzinga.

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