Synovus Financial (SNV) Raises Quarterly Dividend 20% to $0.12; 1.5% Yield
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Synovus Announces Quarterly Stock Dividend for Synovus’ Common Stock
December 3, 2015 5:00 PM ESTCOLUMBUS, Ga.--(BUSINESS WIRE)-- Synovus Financial Corp. (NYSE: SNV) announced that its Board of Directors has declared a dividend of $0.12 per share on the companys Common Stock, which is an increase from the $0.10 per share paid on October 1, 2015. The dividend will be payable on... More
Synovus Announces Pricing of $250 Million Subordinated Notes Offering
December 2, 2015 2:29 PM ESTCOLUMBUS, Ga.--(BUSINESS WIRE)-- Synovus Financial Corp. (NYSE: SNV) today announced the pricing of its previously announced public offering of $250 million of fixed-to-floating rate subordinated notes due 2025. The notes have an initial fixed interest rate of 5.75%, payable semi-annually, and a ten-year term. Commencing December 15, 2020, the interest rate on the notes resets quarterly to an annual interest rate equal to the then-current three-month LIBOR plus 418.2 basis points, payable quarterly in arrears. Synovus intends to use the net proceeds from this offering for general corporate purposes, which may include, but are not limited to, potential strategic... More
