Synovus Financial Declares $0.39 Quarterly Dividend Starting April 2025
Synovus Financial Corp. (NYSE: SNV), a regional bank holding company, will pay a quarterly cash dividend of $0.39 per share beginning in April 2025. The board approved the dividend as part of a broader capital plan announced in December.
Synovus Financial Corp. (NYSE: SNV), a regional bank holding company, will pay a quarterly cash dividend of $0.39 per share beginning with the payment scheduled for April 2025. The board of directors approved the dividend on December 13, 2024, as part of the company's capital allocation plan for the year. Read more dividend announcements.
The dividend represents a regular quarterly distribution to common shareholders. The company has not provided specific record or ex-dividend dates at this time.
| Dividend Detail | Information |
|---|---|
| Amount | $0.39 per share |
| Type | Quarterly cash |
| Payment Date | April 2025 |
| Record Date | Not specified |
| Ex-Dividend Date | Not specified |
Capital Plan and Share Repurchases
The dividend announcement came alongside board authorization for share repurchases of up to $400 million of common stock and $50 million of preferred stock in 2025. During the year ended December 31, 2025, Synovus repurchased 2.9 million shares of common stock at an average price of $48.62 per share through open market transactions.
The company paused share repurchases following its merger agreement with Pinnacle Financial Partners, resuming buyback activity after the transaction closed. In the prior year, Synovus repurchased 6.4 million shares at an average price of $42.40 per share.
Capital Position
Synovus reported a Common Equity Tier 1 capital ratio of 11.28% as of December 31, 2025, up 44 basis points from 10.84% at year-end 2024. The ratio remains well above regulatory requirements, including the 2.5% capital conservation buffer.
The company's total risk-based capital ratio stood at 14.68% at December 31, 2025, compared to 13.81% the prior year. Organic earnings supported capital accretion that more than offset share repurchases and risk-weighted asset growth during the period.
Preferred Stock Dividends
Synovus maintains two series of preferred stock with quarterly dividend payments. Series D Preferred Stock, issued in June 2018 with a $200 million public offering, pays dividends at a floating rate based on three-month term SOFR plus 3.614% per annum. Series E Preferred Stock, issued in July 2019 for $350 million, now pays dividends at a rate that resets every five years based on the five-year U.S. Treasury Rate plus 4.127% per annum.
All preferred stock dividends are non-cumulative and payable quarterly if declared by the board. The preferred shares are redeemable at Synovus' option at $25 per share plus any declared and unpaid dividends.