STAMFORD, Conn., April 25, 2023 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) announced that its Board of Directors has approved an incremental share repurchase program of up to $1.0 billion, commencing this quarter through June 30, 2024, and intends to increase the quarterly cash dividend from $0.23 to $0.25 per share of common stock, commencing in the third quarter of 2023. The company had approximately $300 million remaining under its prior share repurchase program as of March 31, 2023, so this increase will bring the total amount of share repurchase authorization to approximately $1.3 billion through June 30, 2024.Read more at prnewswire.com
Synchrony Announces Approval of an Incremental $1.0 Billion Share Repurchase Program and Plans to Increase Quarterly Common Stock Dividend by 9% to $0.25 Per Share
Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.