SYNCHRONY FINANCIAL (NYSE:SYF) Files An 8-K Regulation FD Disclosure
Item 7.01
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Regulation FD Disclosure.
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that its Board of Directors (the “Board”) intends to increase the
quarterly cash dividend to $0.15 per share of common stock,
commencing the third quarter of 2017, and has approved a share
repurchase program of up to $1.64 billion through June 30, 2018.
The Company expects to make share repurchases from time to time
subject to market conditions and other factors, including legal
and regulatory restrictions and required approvals.
as Exhibit 99.1 to this report and is incorporated herein by
reference.
Report on Form 8-K, including Exhibit 99.1, is furnished to Item
7.01 of Form 8-K and shall not be deemed to be filed for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended,
or otherwise subject to the liabilities of that section, nor
shall it be deemed incorporated by reference in any filing under
the Securities Act of 1933, as amended, or the Securities
Exchange Act of 1934, as amended, except as shall be expressly
stated by specific reference in such filing.
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Item 9.01
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Financial Statements and Exhibits.
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report:
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Number
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Description
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99.1
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Synchrony Financial Press Release dated May 18, 2017
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About SYNCHRONY FINANCIAL (NYSE:SYF)
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit. It offers its credit products through its subsidiary, Synchrony Bank (the Bank). Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts. The Company offers three types of credit products: credit cards, commercial credit products and consumer installment loans. The Company also offers a debt cancellation product. It offers two types of credit cards: private label credit cards and Dual Cards. SYNCHRONY FINANCIAL (NYSE:SYF) Recent Trading Information
SYNCHRONY FINANCIAL (NYSE:SYF) closed its last trading session 00.00 at 26.50 with 11,761,946 shares trading hands.
