Synovus Financial (SNV) Raises Quarterly Dividend 20% to $0.12; 1.5% Yield
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Go back to Synovus Financial (SNV) Raises Quarterly Dividend 20% to $0.12; 1.5% Yield
December 3, 2015 5:00 PM EST
COLUMBUS, 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
December 2, 2015 2:29 PM EST
COLUMBUS, 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
