Synovus Keeps Dividend Steady at a Penny

Southeastern regional bank Synovus Financial (NYSE: SNV  )  announced this morning its second-quarter dividend of $0.01 per share, the same rate it's paid since 2009.

The board of directors said the quarterly dividend is payable on July 1 to the holders of record at the close of business on June 20. The bank has made quarterly cash payouts since 2002, which had been rising annually until the financial crisis hit, causing Synovus to initiate a series of dividend cuts.

The regular dividend payment equates to a $0.04-per-share annual dividend, yielding 1.5% based on the closing price of Synovus Financial's stock on June 4.

SNV Dividend Chart

SNV Dividend data by YCharts.

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