{"id":839748,"date":"2025-04-22T06:05:47","date_gmt":"2025-04-22T10:05:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/synchrony-reports-first-quarter-2025-results-company-also-announces-quarterly-common-stock-dividend-of-0-30-per-share-and-approval-of-a-2-5-billion-share-repurchase-program\/"},"modified":"2025-04-22T06:05:47","modified_gmt":"2025-04-22T10:05:47","slug":"synchrony-reports-first-quarter-2025-results-company-also-announces-quarterly-common-stock-dividend-of-0-30-per-share-and-approval-of-a-2-5-billion-share-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/synchrony-reports-first-quarter-2025-results-company-also-announces-quarterly-common-stock-dividend-of-0-30-per-share-and-approval-of-a-2-5-billion-share-repurchase-program\/","title":{"rendered":"Synchrony Reports First Quarter 2025 Results; Company also Announces Quarterly Common Stock Dividend of $0.30 Per Share and Approval of a $2.5 Billion Share Repurchase Program"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p class=\"prntal\">\n        <i>Company also declares preferred stock dividends<\/i>\n      <\/p>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">STAMFORD, Conn.<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">April 22, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Synchrony Financial (NYSE: SYF) today announced first quarter 2025 results for the period ending <span class=\"xn-chron\">March 31, 2025<\/span>. The Earnings Release and presentation can be found on the company&#8217;s Investor Relations website at\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4408669-1&amp;h=1298600334&amp;u=https%3A%2F%2Finvestors.synchrony.com%2Ffinancial-information%2Ffinancial-results&amp;a=https%3A%2F%2Finvestors.synchrony.com%2Ffinancial-information%2Ffinancial-results\" target=\"_blank\" rel=\"nofollow\">https:\/\/investors.synchrony.com\/financial-information\/financial-results<\/a>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/804087\/synchrony.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/804087\/synchrony.jpg\" title=\"Synchrony Logo (PRNewsfoto\/Synchrony)\" alt=\"Synchrony Logo (PRNewsfoto\/Synchrony)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Today at <span class=\"xn-chron\">8:00 a.m. Eastern Time<\/span>, Brian Doubles, President and Chief Executive Officer, and <span class=\"xn-person\">Brian Wenzel Sr.<\/span>, Executive Vice President and Chief Financial Officer, will host a conference call to review the financial results and outlook for certain business drivers. The conference call can be accessed via an audio webcast through the Investor Relations website at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4408669-1&amp;h=2677563298&amp;u=https%3A%2F%2Finvestors.synchrony.com%2F&amp;a=www.investors.synchrony.com\" target=\"_blank\" rel=\"nofollow\">www.investors.synchrony.com<\/a>, under Events and Presentations. A replay will also be available on the <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4408669-1&amp;h=3803555113&amp;u=https%3A%2F%2Finvestors.synchrony.com%2F&amp;a=website\" target=\"_blank\" rel=\"nofollow\">website<\/a>.<\/p>\n<p>The Company also announced that its Board of Directors (the &#8220;Board&#8221;) declared a quarterly cash dividend of <span class=\"xn-money\">$0.30<\/span> per share of common stock, a 20% increase to the quarterly common stock dividend. The dividend is payable on <span class=\"xn-chron\">May 15, 2025<\/span> to holders of record at the close of business on <span class=\"xn-chron\">May 5, 2025<\/span>. The Board also declared a quarterly cash dividend on the outstanding shares of its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (the &#8220;Series A Preferred Stock&#8221;) and 8.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B (the &#8220;Series B Preferred Stock&#8221;). Each outstanding share of the Series A Preferred Stock and Series B Preferred Stock is represented by depositary shares, each representing a 1\/40th interest in a share. The dividends of approximately <span class=\"xn-money\">$14.06<\/span> per share on the Series A Preferred Stock (equivalent to <span class=\"xn-money\">$0.351563<\/span> per outstanding depositary share) and approximately <span class=\"xn-money\">$20.63<\/span> per share on the Series B Preferred Stock (equivalent to <span class=\"xn-money\">$0.515625<\/span> per outstanding depositary share) are payable on <span class=\"xn-chron\">May 15, 2025<\/span> to holders of record at the close of business on <span class=\"xn-chron\">May 5, 2025<\/span>.<\/p>\n<p>Additionally, the Company announced that the Board approved a share repurchase program of up to <span class=\"xn-money\">$2.5 billion<\/span>, commencing in the second quarter of 2025 through <span class=\"xn-chron\">June 30, 2026<\/span>. As of <span class=\"xn-chron\">March 31, 2025<\/span>, the Company had completed its prior share repurchase program.<\/p>\n<p>\n        <b>About Synchrony<br \/><\/b>Synchrony (NYSE: SYF) is a leading\u00a0consumer\u00a0financing company at the heart of American commerce and opportunity. From health to home, auto to retail, our Synchrony products have been serving the needs of people and businesses for nearly 100 years. We provide\u00a0responsible\u00a0access to\u00a0credit and banking products to support healthier financial lives for tens of millions of people, enabling them to access the things that matter to them. Additionally, through our innovative products and experiences, we support the growth and operations of some of the country&#8217;s most respected brands, as well as more than 400,000 small and midsize businesses and health and wellness providers that Americans rely on. Synchrony is proud to be ranked as the country&#8217;s #2 Best Company to Work For\u00ae by Fortune magazine and Great Place to Work\u00ae. \u00a0For more information, visit\u202f<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4408669-1&amp;h=3891317326&amp;u=http%3A%2F%2Fwww.synchrony.com%2F&amp;a=www.synchrony.com\" target=\"_blank\" rel=\"nofollow\">www.synchrony.com<\/a>.\u00a0<\/p>\n<p>\n        <b>Contact<br \/><\/b>Investor Relations<br \/><span class=\"xn-person\">Kathryn Miller<\/span><br \/>(203) 585-6291<br \/><a href=\"mailto:Kathryn.miller@syf.com\" target=\"_blank\" rel=\"nofollow\">Kathryn.miller@syf.com<\/a><\/p>\n<p>Media Relations<br \/><span class=\"xn-person\">Tyler Allen<\/span><br \/>(551) 370-2902<br \/><a href=\"mailto:Tyler.allen@syf.com\" target=\"_blank\" rel=\"nofollow\">Tyler.allen@syf.com<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NE68158&amp;sd=2025-04-22\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/synchrony-reports-first-quarter-2025-results-company-also-announces-quarterly-common-stock-dividend-of-0-30-per-share-and-approval-of-a-2-5-billion-share-repurchase-program-302433549.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/synchrony-reports-first-quarter-2025-results-company-also-announces-quarterly-common-stock-dividend-of-0-30-per-share-and-approval-of-a-2-5-billion-share-repurchase-program-302433549.html<\/a><\/p>\n<p>SOURCE  Synchrony Financial<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NE68158&amp;Transmission_Id=202504220600PR_NEWS_USPR_____NE68158&amp;DateId=20250422\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Company also declares preferred stock dividends STAMFORD, Conn. , April 22, 2025 \/PRNewswire\/ &#8212; Synchrony Financial (NYSE: SYF) today announced first quarter 2025 results for the period ending March 31, 2025. The Earnings Release and presentation can be found on the company&#8217;s Investor Relations website at\u00a0https:\/\/investors.synchrony.com\/financial-information\/financial-results. Today at 8:00 a.m. Eastern Time, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief Financial Officer, will host a conference call to review the financial results and outlook for certain business drivers. The conference call can be accessed via an audio webcast through the Investor Relations website at www.investors.synchrony.com, under Events and Presentations. A replay will also be available on the website. The Company &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/synchrony-reports-first-quarter-2025-results-company-also-announces-quarterly-common-stock-dividend-of-0-30-per-share-and-approval-of-a-2-5-billion-share-repurchase-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Synchrony Reports First Quarter 2025 Results; Company also Announces Quarterly Common Stock Dividend of $0.30 Per Share and Approval of a $2.5 Billion Share Repurchase Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-839748","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Synchrony Reports First Quarter 2025 Results; Company also Announces Quarterly Common Stock Dividend of $0.30 Per Share and Approval of a $2.5 Billion Share Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/synchrony-reports-first-quarter-2025-results-company-also-announces-quarterly-common-stock-dividend-of-0-30-per-share-and-approval-of-a-2-5-billion-share-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Synchrony Reports First Quarter 2025 Results; Company also Announces Quarterly Common Stock Dividend of $0.30 Per Share and Approval of a $2.5 Billion Share Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Company also declares preferred stock dividends STAMFORD, Conn. , April 22, 2025 \/PRNewswire\/ &#8212; Synchrony Financial (NYSE: SYF) today announced first quarter 2025 results for the period ending March 31, 2025. The Earnings Release and presentation can be found on the company&#8217;s Investor Relations website at\u00a0https:\/\/investors.synchrony.com\/financial-information\/financial-results. Today at 8:00 a.m. Eastern Time, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief Financial Officer, will host a conference call to review the financial results and outlook for certain business drivers. The conference call can be accessed via an audio webcast through the Investor Relations website at www.investors.synchrony.com, under Events and Presentations. A replay will also be available on the website. 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The Earnings Release and presentation can be found on the company&#8217;s Investor Relations website at\u00a0https:\/\/investors.synchrony.com\/financial-information\/financial-results. Today at 8:00 a.m. Eastern Time, Brian Doubles, President and Chief Executive Officer, and Brian Wenzel Sr., Executive Vice President and Chief Financial Officer, will host a conference call to review the financial results and outlook for certain business drivers. The conference call can be accessed via an audio webcast through the Investor Relations website at www.investors.synchrony.com, under Events and Presentations. A replay will also be available on the website. 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