Synchrony Financial Unveils $6.5B Buyback Program and Q3 Dividend Hike
Synchrony Financial’s board declared a $0.30 per share quarterly cash dividend payable May 15 to shareholders of record on May 5 and plans to raise the dividend to $0.34 per share in the third quarter of 2026. The board also approved an open-ended $6.5 billion share repurchase program replacing the prior plan with approximately $300 million remaining.
1. Quarterly Dividend Declared
Synchrony Financial’s board declared a quarterly cash dividend of $0.30 per share, payable on May 15, 2026 to holders of record as of May 5, 2026.
2. Dividend Increase Planned
The board plans to increase the quarterly cash dividend from $0.30 to $0.34 per share beginning in the third quarter of 2026, signaling confidence in future earnings and capital strength.
3. Share Repurchase Program Approved
The board approved a new, open-ended share repurchase program authorizing up to $6.5 billion of common stock, replacing the previous program which had roughly $300 million remaining, with purchases flexible based on capital levels, market conditions, and regulatory requirements.