Monday Is Your Last Chance To Buy Synchrony Finl Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Synchrony Financial (NYSE:SYF) has announced a quarterly dividend of 25 cents per share, payable on November 09, 2023. To be eligible for the dividend, shareholders must own the stock before the ex-dividend date, which is Tuesday. The stock will likely open 25 cents lower on Tuesday to reflect the payout.
October 26, 2023 | 2:45 pm
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NEUTRAL IMPACT
Synchrony Financial's stock will likely open lower on Tuesday due to the dividend payout. However, this is a regular occurrence and does not reflect negatively on the company's performance.
Dividend payouts typically cause a company's stock price to drop by the amount of the dividend on the ex-dividend date. This is a mechanical adjustment and does not reflect negatively on the company's performance or value. Therefore, while the stock price may drop in the short term, it does not indicate a negative outlook for the company.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100