Synovus Financial Corp. (NYSE:SNV) Updates On Dividend Release Date


On 2016-06-02, Synovus Financial Corp. (NYSE:SNV) confirmed the dividend disbursement of $0.12 a share to shareholders as on record 2016-06-16. The firm will release dividend on 2016-07-01 while ex-dividend date is reported to be 2016-06-14.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Synovus Financial Corp. (NYSE:SNV) paid a total of $0.12 per share in dividends. This figure stood at $0.12 a share in the same period a year ago indicating a deviation of 35.493%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $32.027 on the stock. This figure is the average of recommendations offered by 9 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $35 and $29, respectively.

Taking the mathematical rating formula, the price for Synovus Financial Corp. (NYSE:SNV) stands at 3.03. Earnings Review Synovus Financial Corp. (NYSE:SNV) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-18. For the period ending on 2016-09-30, experts are expecting EPS of $0.5.

Coming to the quarter ending on 2015-12-31, Synovus Financial Corp. (NYSE:SNV) recorded EPS of $0.49. The reported numbers came lower than the analysts’ estimates of $0.47, demonstrating a miss of $0.02 as against reported figures.

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