Synchrony Financial (SYF) Dividends
Dividend Yield and Dividend History Highlights
- Over the past six years, SYF has issued more dividends than 81.75% of other dividend-issuing US stocks.
- The stock's free cash flow/dividend ratio, potentially useful for understanding its ability to make dividend payments, comes in at -14.4 -- higher than 8.59% of other dividend issuers in the US.
- As for stocks whose price is uncorrelated with SYF's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: T, UHT, YORW, TDS and DG.
SYF Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $44.75 | $20.62 | -43.25% |
The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. In the case of SYF, the DDM model, as implemented by StockNews, implies a negative return of 43.25% relative to its current price. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for Synchrony Financial are:
- If we compare the valuation opportunity a dividend discount model provides relative to other dividend stocks in the Financial Services sector, the expected return of -43.25%, based on the stock's current share price and target price based on a dividend discount model, is greater than 25.1% of the DDM-forecasted return of its its sector peers.
- Compared to all dividend issuing stocks in our set, Synchrony Financial bears a discount rate, according to our calculations, lower than 25.1% of them (lower discount rates are generally perceived as positive, and a sign of lower risk).
- Beta tells us how volatile a stock's price is relative to the broader equity index; for Synchrony Financial, its beta is lower than only 14.72% of dividend issuing stocks we observed.
- In comparison to its fellow dividend issuing stocks in the Financial Services sector, Synchrony Financial has an equity discount rate lower than only 14.98% of them.
SYF Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-02-02 | Dividend | $0.25 | -- |
| 2023-10-31 | Dividend | $0.25 | -- |
| 2023-07-28 | Dividend | $0.25 | +8.70% |
| 2023-05-01 | Dividend | $0.23 | -- |
| 2023-02-03 | Dividend | $0.23 | -- |
| 2022-10-31 | Dividend | $0.23 | -- |
| 2022-07-29 | Dividend | $0.23 | +4.55% |
| 2022-04-29 | Dividend | $0.22 | -- |
| 2022-02-09 | Dividend | $0.22 | -- |
| 2021-10-29 | Dividend | $0.22 | -- |
| 2021-07-30 | Dividend | $0.22 | -- |
| 2021-04-30 | Dividend | $0.22 | -- |
| 2021-02-04 | Dividend | $0.22 | -- |
| 2020-10-30 | Dividend | $0.22 | -- |
| 2020-07-31 | Dividend | $0.22 | -- |
| 2020-05-01 | Dividend | $0.22 | -- |
| 2020-02-06 | Dividend | $0.22 | -- |
| 2019-11-01 | Dividend | $0.22 | -- |
| 2019-08-02 | Dividend | $0.22 | +4.76% |
| 2019-05-03 | Dividend | $0.21 | -- |
| 2019-02-01 | Dividend | $0.21 | -- |
| 2018-11-02 | Dividend | $0.21 | -- |
| 2018-08-03 | Dividend | $0.21 | +40.00% |
| 2018-05-04 | Dividend | $0.15 | -- |
| 2018-02-02 | Dividend | $0.15 | -- |
| 2017-11-03 | Dividend | $0.15 | -- |
| 2017-08-03 | Dividend | $0.15 | +15.38% |
| 2017-05-04 | Dividend | $0.13 | -- |
| 2017-02-02 | Dividend | $0.13 | -- |
| 2016-11-03 | Dividend | $0.13 | -50.00% |
| 2016-08-10 | Dividend | $0.26 | -- |
SYF Dividends vs. Peers
SYF's dividend yield currently ranks #62 of 65 vs. its peers in the Consumer Financial Services category.
Looking for More Information on SYF dividends?
Here are a few links from around the web to help you further your research on Synchrony Financial and its dividends:Synchrony Financial Common Stock (SYF) Dividend History | Nasdaq
Dividend History for Synchrony Financial (SYF) - Dividend Investor
Synchrony Financial (SYF) Dividend History - Seeking Alpha