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COLUMBUS, Ga. - Synovus Financial Corp. (NYSE: SNV), a regional bank holding company, has announced the declaration of quarterly dividends for its common stock and two series of preferred stock. Shareholders of the common stock will receive a dividend of $0.39 per share, payable on July 1, 2025, with a record date of June 19, 2025. Additionally, dividends for the Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, have been set at $0.50594 per share, with a payment date of June 21, 2025, and a record date of June 15, 2025. The Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, will also see a dividend of $0.52481 per share, payable on July 1, 2025, to shareholders on record as of June 15, 2025. The current dividend yield stands at 3.29%, reflecting the company’s remarkable 52-year streak of consecutive dividend payments, according to InvestingPro data.
Synovus Financial Corp., headquartered in Columbus, Georgia, manages roughly $60 billion in assets. The company operates through its branches located across Georgia, Alabama, Florida, South Carolina, and Tennessee. With a market capitalization of $6.72 billion and trading at a P/E ratio of 13.59, InvestingPro analysis suggests the stock is currently undervalued. Synovus provides a broad range of financial services, including commercial and consumer banking, wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, and international banking. The company has also been recognized as a Great Place to Work-Certified Company and has delivered a strong one-year return of 27.76% to investors.
The declaration of these dividends reflects the ongoing commitment of Synovus to provide returns to its shareholders. As a service to the public and its investors, this information is based on a press release statement from Synovus Financial Corp. For deeper insights into Synovus’s financial health and detailed analysis, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Synovus Financial reported first-quarter earnings that have drawn attention from several analyst firms. DA Davidson highlighted Synovus’ strong start to 2025, noting that the company’s Net Interest Income (NII) was at the higher end of expectations, while operating expenses were well-managed. They maintained a Buy rating, although they reduced the stock price target to $60 from $65. BofA Securities also raised its price target to $60, maintaining a Buy rating, after Synovus exceeded earnings per share (EPS) expectations and showed an improvement in credit metrics.
Jefferies initiated coverage with a Hold rating and set a price target of $55, expressing concerns about Synovus’ loan losses and below-average capital levels. Stephens revised their price target down to $46 but kept an Equal Weight rating, noting that strong net interest income balanced out weaker fee income. Synovus’ expense guidance was adjusted to reflect a more modest increase, with the company maintaining steady revenue projections.
Analysts’ assessments are varied, with some firms like DA Davidson and BofA expressing optimism due to Synovus’ financial performance, while others like Jefferies and Stephens remain cautious. The adjustments in price targets and ratings reflect differing views on Synovus’ growth potential and risk factors amid current economic conditions.
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