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Data last updated: Oct 17, 2026
Snapshot (as of Oct 17, 2026): Synchrony Financial (SYF) pays a $1.20 annual dividend ($0.34 quarterly), yielding 1.84% at $73.68/share. Next ex-dividend date 2026-08-05. 8+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.84%
Annual Dividend: $1.20 per share
Payout Ratio: 12.3%
Ex-Dividend Date: 2026-08-05
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 11
Synchrony Financial dividend investors are looking at a consumer credit company that powers private label cards and financing programs for partners like CareCredit, Dick's Sporting Goods, and American Eagle. The current yield is 1.87%, with trailing twelve-month payments of $1.20 per share paid quarterly. The next ex-dividend date is August 5, 2026. SYF suits growth-and-income investors more than pure income seekers, given its 9.4% annual dividend growth rate over the past eight years.
Synchrony Financial pays out 12.3% of earnings as dividends, a payout ratio classified as conservative (below 40%). That leaves substantial room to sustain and grow the dividend even if credit conditions tighten, which matters for a company whose revenue depends on consumer lending across retail, healthcare, and specialty finance. Synchrony Financial dividend safety faces its clearest pressure from credit cycle risk: as a consumer lender, a spike in charge-offs or a pullback in consumer spending could compress earnings and narrow that cushion.
Over the past eight years, Synchrony Financial dividend history shows a CAGR of 9.4% per year from 2017 to 2025. Per-share payments grew from $0.56 to $1.15 over that window (2026 is a partial year and excluded from the CAGR calculation, per Synchrony Financial dividend 2026 data). The largest single-year jump was 28.6% in 2018, while the smallest annual increases in the window came in 2020 and 2021, when the dividend moved just $0.02 per share each year.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +8.5% | $0.90 (2022) | $1.15 (2025) |
| 5-Year | +5.5% | $0.88 (2020) | $1.15 (2025) |
SYF fits growth-and-income investors who want a rising dividend from a consumer finance business, not a high current yield. At 1.87%, the yield is low (below 2%) and sits below the five-year average of 2.03%, so income-focused investors relying on current cash flow will find it underwhelming. The trade-off is a 9.4% annual growth rate over eight years and a payout ratio of just 12.3%, which gives Synchrony Financial room to keep raising the dividend. Eight consecutive years of increases back that pattern. The stock delivers dividend growth potential; it does not deliver income today.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-05 | $0.3400 |
| 2026-05-05 | $0.3000 |
| 2026-02-06 | $0.3000 |
| 2025-11-05 | $0.3000 |
| 2025-08-05 | $0.3000 |
| 2025-05-05 | $0.3000 |
| 2025-02-03 | $0.2500 |
| 2024-11-04 | $0.2500 |
| 2024-08-05 | $0.2500 |
| 2024-05-03 | $0.2500 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.9400 |
| 2025 | $1.1500 |
| 2024 | $1.0000 |
| 2023 | $0.9600 |
| 2022 | $0.9000 |
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