Synchrony Financial announced that its Board of Directors declared a quarterly cash dividend of 25c per share of common stock, payable on August 10 to holders of record at the close of business on July 31. The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A. Each outstanding share of the Series A Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series A Preferred Stock. The dividend of approximately $14.06 per share is payable on August 14 to holders of record at the close of business on July 31.
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