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Synovus Financial (Synovus Financial) Dividend Yield % : 4.12% (As of Apr. 27, 2024)


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What is Synovus Financial Dividend Yield %?

As of today (2024-04-27), the Trailing Annual Dividend Yield of Synovus Financial is 4.12%.

Warning Sign:

Synovus Financial Corp stock dividend yield is close to 1-year low.

The historical rank and industry rank for Synovus Financial's Dividend Yield % or its related term are showing as below:

SNV' s Dividend Yield % Range Over the Past 10 Years
Min: 1.03   Med: 2.38   Max: 8.45
Current: 4.12

During the past 13 years, the highest Dividend Yield of Synovus Financial was 8.45%. The lowest was 1.03%. And the median was 2.38%.

SNV's Dividend Yield % is ranked better than
51.95% of 1205 companies
in the Banks industry
Industry Median: 3.99 vs SNV: 4.12

Synovus Financial's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.48.

During the past 13 years, the highest Dividend Payout Ratio of Synovus Financial was 0.55. The lowest was 0.22. And the median was 0.27.

As of today (2024-04-27), the Forward Dividend Yield % of Synovus Financial is 4.12%.

Synovus Financial's Dividends per Share for the three months ended in Dec. 2023 was $0.38.

During the past 12 months, Synovus Financial's average Dividends Per Share Growth Rate was 11.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 20.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Synovus Financial was 217.20% per year. The lowest was -63.50% per year. And the median was 14.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Synovus Financial Dividend Yield % Historical Data

The historical data trend for Synovus Financial's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Synovus Financial Dividend Yield % Chart

Synovus Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.06 4.08 2.76 3.63 4.04

Synovus Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.63 4.54 4.76 5.32 4.04

Competitive Comparison of Synovus Financial's Dividend Yield %

For the Banks - Regional subindustry, Synovus Financial's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Synovus Financial's Dividend Yield % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Synovus Financial's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Synovus Financial's Dividend Yield % falls into.



Synovus Financial Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Synovus Financial Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.3802024-03-202024-03-212024-04-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.3802023-12-202023-12-212024-01-02Cash DividendquarterlyUSD:USD 1.000000
USD 0.3802023-09-202023-09-212023-10-02Cash DividendquarterlyUSD:USD 1.000000
USD 0.3802023-06-142023-06-152023-07-03Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Synovus Financial's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=1.52/36.85
=4.12 %

Current Share Price is $36.85.
Synovus Financial's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.52.

Synovus Financial's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1.52/36.85
=4.12 %

Current Share Price is $36.85.
Synovus Financial's Dividends per Share for the forward twelve months is calculated as $0.38 * 4 = $1.52.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Synovus Financial  (NYSE:SNV) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Synovus Financial Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Synovus Financial's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Synovus Financial (Synovus Financial) Business Description

Address
1111 Bay Avenue, Suite 500, Columbus, GA, USA, 31901
Synovus Financial Corp provides commercial and consumer banking in addition to a full suite of specialized products & services such as private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, & international banking to clients through the wholly-owned subsidiary bank, Synovus Bank, and other offices in Alabama, Florida, Georgia, South Carolina, and Tennessee. It has four segments Wholesale Banking, Community Banking, Consumer Banking, and Financial Management Services, out of which the majority is from the Wholesale banking segment.
Executives
Allan E Kamensky officer: EVP and General Counsel P.O. BOX 120, COLUMBUS GA 31902
Eli Samaha 10 percent owner ONE WORLD TRADE CENTER, FLOOR 65, NEW YORK NY 10007
Shellie Creson officer: EVP and Chief Risk Officer 1111 BAY AVENUE, COLUMBUS GA 31901
John H. Irby director 1111 BAY AVENUE, COLUMBUS GA 31901
Daniel Zachary Bishop officer: EVP, Tech., Ops., & Sec. 1111 BAY AVENUE, COLUMBUS GA 31901
Kevin S. Blair officer: President and CEO 1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901
Diana M Murphy director C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224
Stacy Apter director 1111 BAY AVENUE, COLUMBUS GA 31901
Thomas T Dierdorff officer: EVP, Corp. & Inv. Banking 1111 BAY AVENUE, COLUMBUS GA 31901
Alexandra Villoch director 1111 BAY AVENUE, COLUMBUS GA 31901
Prochaska Joseph J Jr director METLIFE, 200 PARK AVENUE, NEW YORK NY 10166
Teresa L White director 1932 WYNNTON RD, COLUMBUS GA 31999
Gregory Andrew J. Jr. officer: EVP & Chief Financial Officer 1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901
Robert Warren Derrick officer: EVP & Chief Credit Officer 1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901
Elizabeth D. Wolverton officer: EVP, Head Con. Bank. Brand Exp 1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901