Synovus Keeps Dividend Steady at a Penny
Southeastern regional bank Synovus Financial announced this morning its second-quarter dividend of $0.01 per share, the same rate it's paid since 2009.
The board of directors said the quarterly dividend is payable on July 1 to the holders of record at the close of business on June 20. The bank has made quarterly cash payouts since 2002, which had been rising annually until the financial crisis hit, causing Synovus to initiate a series of dividend cuts.
The regular dividend payment equates to a $0.04-per-share annual dividend, yielding 1.5% based on the closing price of Synovus Financial's stock on June 4.
The article Synovus Keeps Dividend Steady at a Penny originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.