Synchrony Financial (SYF) to Issue Quarterly Dividend of $0.25 on February 18th

Synchrony Financial (NYSE:SYF) announced a quarterly dividend on Tuesday, January 21st,RTT News reports. Investors of record on Monday, February 3rd will be given a dividend of 0.25 per share by the financial services provider on Tuesday, February 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Monday, February 3rd.

Synchrony Financial has increased its dividend payment by an average of 4.4% per year over the last three years. Synchrony Financial has a payout ratio of 12.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Synchrony Financial to earn $6.64 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 15.1%.

Synchrony Financial Trading Up 1.5 %

Synchrony Financial stock opened at $70.49 on Thursday. The business has a 50 day moving average price of $66.42 and a two-hundred day moving average price of $56.40. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. Synchrony Financial has a 12 month low of $36.85 and a 12 month high of $70.76. The stock has a market cap of $27.45 billion, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 0.82 and a beta of 1.64.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $40.00 to $82.00 in a research note on Thursday, December 19th. StockNews.com upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $59.00 to $72.00 in a research note on Monday, December 9th. Evercore ISI boosted their price target on Synchrony Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price objective on shares of Synchrony Financial in a research note on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.45.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Curtis Howse sold 21,934 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $55.13, for a total value of $1,209,221.42. Following the sale, the insider now directly owns 99,743 shares in the company, valued at approximately $5,498,831.59. This trade represents a 18.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan S. Mothner sold 34,163 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the completion of the transaction, the insider now directly owns 127,587 shares of the company’s stock, valued at $8,291,879.13. This trade represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

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 co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.