By Sabela Ojea
Synovus Financial raised its quarterly dividend 2.6% to 39 cents per share.
The bank holding company on Monday said that its board of directors approved increasing its quarterly payout to shareholders to 39 cents a share from 38 cents a share previously.
The new payout, equal to $1.56 annually, represents a yield of 3.1%, based on the company's latest closing price of $50.69.
The dividend will be paid on April 1 to shareholders of record as of March 15.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 03, 2025 17:46 ET (22:46 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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