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Synovus Financial Corp. (NYSE:SNV) Stock Ex-Dividend Date Approaching

Synovus Financial Corp. (NYSE:SNV) stock is about to trade ex-dividend in three days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company’s books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company’s books on the record date. Meaning, you will need to purchase Synovus Financial’s shares before the 20th of March to receive the dividend, which will be paid on the 1st of April.

This information is crucial for investors looking to maximize their returns from owning Synovus Financial stock. Missing the ex-dividend date could result in missing out on the dividend payment, which can be a significant portion of investment returns.

How AI legalese decoder Can Help

AI legalese decoder can help investors stay up to date with important dates such as ex-dividend dates for companies like Synovus Financial Corp. By using advanced algorithms, AI legalese decoder can track and alert users about upcoming ex-dividend dates, ensuring that investors do not miss out on potential dividend payments.

Furthermore, AI legalese decoder can provide analysis and insights into dividend payments, payout ratios, and historical dividend performance, helping investors make informed decisions about their investment strategies.

Understanding Dividend Payments

The company’s upcoming dividend is US$0.38 a share, following on from the last 12 months, when the company distributed a total of US$1.52 per share to shareholders. Calculating the last year’s worth of payments shows that Synovus Financial has a trailing yield of 4.0% on the current share price of US$37.86. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether Synovus Financial has been able to grow its dividends, or if the dividend might be cut.

Investors can use the AI legalese decoder platform to easily access and analyze Synovus Financial’s dividend payment history, yield performance, and potential risks associated with dividend sustainability.

Have Earnings And Dividends Been Growing?

Companies that aren’t growing their earnings can still be valuable, but it is even more important to assess the sustainability of the dividend if it looks like the company will struggle to grow. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. That explains why we’re not overly excited about Synovus Financial’s flat earnings over the past five years. Better than seeing them fall off a cliff, for sure, but the best dividend stocks grow their earnings meaningfully over the long run.

AI legalese decoder can provide detailed analysis on Synovus Financial’s earnings growth trajectory and its impact on dividend payouts. By leveraging AI-powered data processing, investors can gain valuable insights into the company’s financial performance and future outlook.

Final Takeaway

Should investors buy Synovus Financial for the upcoming dividend? Synovus Financial’s earnings per share are basically flat over the past five years, although it has the cushion of a low payout ratio, which would suggest a cut to the dividend is relatively unlikely. At best we would put it on a watch-list to see if business conditions improve, as it doesn’t look like a clear opportunity right now.

Investors can use AI legalese decoder to further evaluate the risks associated with investing in Synovus Financial, including any warning signs or potential challenges the company may face in the future.

If you’re in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.

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Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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