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Data last updated: Jul 18, 2026
Snapshot (as of Jul 18, 2026): Synchrony Financial (SYF) pays a $1.20 annual dividend ($0.30 quarterly), yielding 1.63% at $73.62/share. Next ex-dividend date 2026-05-05. 8+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.63%
Annual Dividend: $1.20 per share
Payout Ratio: 14.4%
Ex-Dividend Date: 2026-05-05
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 11
Synchrony Financial dividend income comes from one of the largest consumer credit providers in the U.S., offering private label credit cards, CareCredit healthcare financing, and deposit products across retail, health, and home sectors. SYF currently yields 1.66%, with a trailing annual dividend rate of $1.20 per share paid quarterly. The next ex-dividend date is May 5, 2026. A beta of 1.308 means the stock moves more than the broader market, so this suits growth-and-income investors comfortable with some price volatility in exchange for a dividend that has grown at nearly 10% per year.
Synchrony Financial pays out 14.4% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low figure means the company retains the vast majority of earnings, leaving substantial room to sustain and grow the dividend even if credit conditions tighten. Synchrony Financial dividend safety is further supported by the breadth of its credit programs spanning healthcare, retail, and specialty financing, which diversifies revenue across multiple end markets. The most data-supported pressure point is the company's beta of 1.308: earnings in consumer credit can swing with economic cycles, and a downturn in credit quality could compress the earnings base that currently makes the payout look very comfortable.
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). The largest single-year jump was 28.6% in 2018, while the smallest annual increase in the window was a modest 2.3% in 2022, showing that growth has not been uniform across every 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 stream from a large-scale consumer credit and healthcare financing business, and who are willing to accept a low current yield in exchange for above-average dividend growth. At 1.66%, the yield is classified as low (below 2%), and it sits above the 5-year average of 1.35%, which reflects recent dividend increases outpacing price appreciation. The 14.4% payout ratio is the defining characteristic here: it gives Synchrony Financial room to keep raising the dividend, but it also means the stock delivers most of its total return through price movement rather than income. Investors gain a fast-growing dividend; they accept a yield that will not satisfy near-term income needs.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2024-02-02 | $0.2500 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.6000 |
| 2025 | $1.1500 |
| 2024 | $1.0000 |
| 2023 | $0.9600 |
| 2022 | $0.9000 |
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