Thursday 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 $0.25 per share, with Thursday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Friday, which means it will likely open $0.25 lower to reflect the payout. Shareholders owning SYF by the end of Thursday's session will receive the dividend on February 15, 2024.
January 30, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Synchrony Financial is set to pay a $0.25/share dividend. Investors must own the stock by end of Thursday to be eligible. The stock will trade ex-dividend on Friday, potentially opening $0.25 lower.
The announcement of a dividend typically has a neutral to positive effect on stock sentiment, as it signals a return to shareholders. However, the ex-dividend date often leads to a short-term decrease in stock price equal to the dividend amount, as the stock price adjusts for the payout. In this case, SYF is expected to open lower by the amount of the dividend on the ex-dividend date.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100