Synchrony Financial Dividends
The next dividend date for Synchrony Financial has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Synchrony Financial (SYF)
More About Synchrony Financial
Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual and general purpose co-branded cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms. In addition, it provides debt cancellation products to its credit card customers through online and mobile channels; and healthcare payments and financing solutions under the CareCredit and Walgreens brands; payments and financing solutions in the apparel, specialty retail, outdoor, music, and luxury industries, such as American Eagle, Dick's Sporting Goods, Guitar Center, Kawasaki, Pandora, Polaris, Suzuki, and Sweetwater. The company offers its credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers; and deposit products through various channels, such as digital and print. It serves digital, health and wellness, retail, home, auto, telecommunications, pet, outdoor, and other industries. The company was founded in 1932 and is headquartered in Stamford, Connecticut.
Owning Synchrony Financial Stock on the Dividend Date
If you own Synchrony Financial stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Synchrony Financial stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Synchrony Financial stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Synchrony Financial stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Synchrony Financial dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Synchrony Financial Dividends
You can contact us any time if you would like to ask questions about Synchrony Financial dividends or anything else related to the stock market.