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Synovus Declares Preferred Dividend

Financial services specialist Synovus Financial (NYSE: SNV  ) announced today its board of directors declared a dividend of $0.525 per share on its Series C fixed-to-floating rate non-cumulative perpetual preferred stock issued on July 25.

The board of directors said the quarterly dividend is payable on November 1 to holders of record at the close of business on October 15.

Synovus also pays a dividend on its common stock of $0.04 per share per year, yielding 1.2% based on the closing price today of Synovus Financial's stock.

SNV Dividend Chart

SNV Dividend data by YCharts.

Editor's note: A previous version of this article contained incorrect information on the common stock dividend and its yield.

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  • Report this Comment On October 03, 2013, at 10:36 PM, Yelloled wrote:

    The article is incorrect.

    SNV pays .04 annual dividend, not .16 with a 1.20% return and not over 4%

  • Report this Comment On October 04, 2013, at 9:40 AM, TMFKris wrote:

    @Yelloled: Thank you for your sharp eye. We have corrected that error.

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Rich Duprey
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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

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7/31/2015 4:05 PM
SNV $31.52 Down -0.02 -0.06%
Synovus Financial… CAPS Rating: ****

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