Amazon’s Card Partner Synchrony Lifts Dividend 13% and Plans $6.5B Buyback
AMZN•Synchrony Financial, Amazon’s co-brand credit card issuer, reported stable delinquency rates and a 10 basis-point year-over-year drop in net charge-offs, while announcing a 13% dividend increase and a $6.5 billion share repurchase program. A recent delivery speed analysis ranks Amazon among top retailers alongside Walmart and Target.
1. Synchrony’s Credit Performance Improves
Synchrony Financial, which issues Amazon’s co-brand store card, reported stable account delinquency rates and a year-over-year 10 basis-point decline in net charge-offs, signaling resilience in consumer borrowing even as broader inflation pressures persist.
2. Dividend Hike and Buyback Details
The firm approved a 13% increase in its quarterly dividend and unveiled a $6.5 billion stock repurchase program, measures that may enhance liquidity and consumer spending capacity on Amazon’s platform through improved cardholder incentives.
3. Amazon’s Delivery Speed Benchmark
A recent retail logistics review measured delivery times across leading chains, ranking Amazon among the fastest carriers alongside Walmart and Target, reinforcing its competitive advantage in e-commerce fulfillment.
