Synovus Declares Fresh Dividend

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Synovus Financial has elected to stick to its existing dividend policy for now. The company declared a quarterly common stock dividend of $0.01 per share, to be distributed on Oct. 1 to shareholders of record as of Sept. 19.  That amount matches all of the financial services company's preceding payouts stretching back to April 2009. Before that, Synovus dispensed $0.06 per share.

The just-declared dividend annualizes to $0.04 per share. That yields 1.3% at Synovus' most recent closing stock price of $3.20.

Editor's note: A previous version of this article contained incorrect information on the company's dividend history.


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