Synovus Finl's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Synovus Finl (NYSE:SNV) announced it will pay a quarterly dividend of 38 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 38 cents lower. Shareholders owning SNV by the end of Tuesday's session will be eligible for the dividend, which will be paid out on October 02, 2023.
September 15, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Synovus Finl's stock price is expected to open lower on Wednesday due to the ex-dividend date. However, the dividend payout could attract more investors, potentially balancing the price drop.
The ex-dividend date often leads to a temporary drop in a company's stock price, equivalent to the amount of the dividend. However, the announcement of a dividend can also attract new investors, which could offset the price drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100