Synovus Financial (NYSE: SNV ) has elected to stick to its existing dividend policy for now. The company declared a quarterly common stock dividend of $0.01 per share, to be distributed on Oct. 1 to shareholders of record as of Sept. 19. That amount matches all of the financial services company's preceding payouts stretching back to April 2009. Before that, Synovus dispensed $0.06 per share.
The just-declared dividend annualizes to $0.04 per share. That yields 1.3% at Synovus' most recent closing stock price of $3.20.
Editor's note: A previous version of this article contained incorrect information on the company's dividend history.