Synchrony Financial Finalizes $500M Preferred Stock Offering at 7.250% Dividend Rate
SYF sits 26% above its 52-week low of $56.51.
Summary
Synchrony Financial finalized a $500 million offering of 7.250% Series C Preferred Stock, securing significant capital with a fixed dividend obligation.
Key Events · Financing and Capital Events · SYF
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Preferred Stock Offering Finalized
Synchrony Financial finalized the terms for its $500 million offering of 7.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C.
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Capital Raise
The offering will generate $495 million in net proceeds for the company before expenses.
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Dividend Rate Set
The preferred stock will pay a fixed dividend of 7.250% per annum until August 15, 2031, after which it will reset.
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Strategic Financing
This capital raise follows the company's strong Q1 earnings and a $6.5 billion share repurchase program, indicating active capital management.
Analysis · SYF · Finance
Synchrony Financial has finalized the terms for its $500 million Series C Preferred Stock offering, setting a 7.250% fixed dividend rate. This capital raise strengthens the company's balance sheet and provides additional funding, following its recent strong Q1 earnings and a substantial share repurchase program.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.5% of the 1629 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.59%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SYF was trading at $70.97 on NYSE in the Finance sector, with a market capitalization of approximately $23.9B. The 52-week trading range was $56.51 to $88.77. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.