As per Synovus Financial Corp. (NYSE:SNV)’s news release on 2016-06-02, its shareholders will get cash dividend of $0.12 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-16 and 2016-07-01, respectively.
The stock of Synovus Financial Corp. (NYSE:SNV) will commence trading ex-dividend from 2016-06-14, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Synovus Financial Corp. (NYSE:SNV) disbursed $0.46 in dividend compared to distribution of $0.31, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 35.493%.
The past track record of five years substantiates that the average payout of Synovus Financial Corp. (NYSE:SNV) stands at $0.314, implying 8.4537% growth. The company recorded earnings of $0.42 a share in the preceding fiscal.
The interim price target for Synovus Financial Corp. (NYSE:SNV) is set at $31.3. This level is the mean price reached by averaging the stock views of 10 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $35 and the lowest level is established at 29. This broad range highlights a standard deviation of $2.149 in reported estimates.
AlphaOne has allotted A sentiment score of 0 to Synovus Financial Corp. (NYSE:SNV) while impact score assigned is 90 as on as on 2016-07-16.
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