Synovus Financial (SNV) Misses Q4 EPS by 3c, Announces 10% Increase in Common Stock Dividend

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Go back to Synovus Financial (SNV) Misses Q4 EPS by 3c, Announces 10% Increase in Common Stock Dividend

Synovus Announces Earnings for the Fourth Quarter 2019 and a 10% Increase in Common Stock Dividend

January 24, 2020 6:30 AM EST

COLUMBUS, Ga.--(BUSINESS WIRE)-- Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter and year ended December 31, 2019. The Board of Directors also approved a 10% increase in the Companys quarterly common stock dividend from $0.30 to $0.33 per share, effective with the quarterly dividend payable in April 2020.

2019 Highlights

Net income available to common shareholders for 2019 was $540.9 million or $3.47 per diluted share as compared to $410.5 million or $3.47 per diluted share for 2018. Adjusted earnings per diluted share for 2019 were $3.90 as compared to $3.64 for 2018, an increase of... More