Synovus Financial (Synovus Financial) Dividend Payout Ratio

: 0.48 (As of Dec. 2023)

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Synovus Financial's dividend payout ratio for the months ended in Dec. 2023 was 0.48.

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

SNV' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.22 Med: 0.27 Max: 0.55
Current: 0.37

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.

SNV's Dividend Payout Ratio is ranked worse than
55.17% of 1093 companies
in the Banks industry
Industry Median: 0.33 vs SNV: 0.37

As of today (2024-04-19), the Dividend Yield % of Synovus Financial is 4.34%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Synovus Financial was 8.45%. The lowest was 1.03%. And the median was 2.26%.

Synovus Financial's Dividends per Share for the 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 Payout Ratio Historical Data

The historical data trend for Synovus Financial's Dividend Payout Ratio 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.31

0.55

0.27

0.28

0.37

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 Payout Ratio																0.25	0.29	0.33	0.45	0.48

Competitive Comparison

For the Banks - Regional subindustry, Synovus Financial's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution

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

* The bar in red indicates where Synovus Financial's Dividend Payout Ratio falls into.

Synovus Financial Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Synovus Financial's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.52	/	4.12
	=	0.37

Synovus Financial's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.38	/	0.8
	=	0.48

Synovus Financial (NYSE:SNV) Dividend Payout Ratio Explanation

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.

Synovus Financial Dividend Payout Ratio Related Terms

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Synovus Financial (Synovus Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Synovus Financial Corp (NYSE:SNV) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

SNVpE.PFD:USA SNVpD.PFD:USA SYU1:Germany SYU1:Germany

Address

1111 Bay Avenue, Suite 500, Columbus, GA, USA, 31901

Website

https://www.synovus.com

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