Synchrony Financial Buyback
OLI recorded this information on 5/9/2019
Synchrony Financial (NYSE: SYF) announced today that its Board of Directors has approved a share repurchase program of up to $4 billion, commencing this quarter through June 30, 2020, and intends to increase the quarterly cash dividend from $0.21 to $0.22 per share of common stock, commencing in the third quarter of 2019.
Synchrony Financial is savings and loan holding company and financial holding company. Through its subsidiaries, Co. is a consumer financial services company. Co. provides a range of credit products through its financing programs which it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. Through its wholly-owned subsidiary, Synchrony Bank, Co. provides its customers a range of Federal Deposit Insurance Corporation-insured deposit products. Co.'s deposit products include certificates of deposit, individual retirement accounts, money market accounts and savings accounts.
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Buy (3.30 out of 4)
(ranked higher than approx. 51% of all stocks covered)
Based on Zacks ABR data;
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