Synchrony board plans to increase quarterly dividend to 34c per share

The Company announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock. The dividend is payable on May 15, 2026 to holders of record at the close of business on May 5, 2026. The Board also declared a quarterly cash dividend on the outstanding shares of its 5.625% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and 8.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. Each outstanding share of the Series A Preferred Stock and Series B Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share. The dividends of approximately $14.06 per share on the Series A Preferred Stock and approximately $20.63 per share on the Series B Preferred Stock are payable on May 15, 2026 to holders of record at the close of business on May 5, 2026. Additionally, the Company announced that the Board plans to increase the quarterly cash dividend from $0.30 to $0.34 per share of common stock beginning in third quarter 2026.