Synchrony Lifts Dividend and Expands Share Repurchase Plan
- Scott Peters
- U.S.A. New York City
-
The company returned $1.1 billion in capital to shareholders, including $967 million of share repurchases and $114 million of common stock dividends.
Synchrony Financial said first quarter 2022 revenues increased 2.3% to $2.16 billion, net income 9% to $932 million, and diluted earnings per share rose 2.3% to $1.77 from a year ago. The company's Board approved a 5% increase in quarterly dividend to 23 cents a share from the third quarter and the incremental share repurchase of $2.8 billion. Average active accounts increased 6% to 70.1 million and new accounts rose 10% to 5.5 million. The credit card lender said purchase volume rose 17% to $40.5 billion and net interest margin increased 182 basis points to 15.8%.
We achieved double-digit growth in purchase volume across four of our five sales platforms, and loan receivables growth accelerated across all five, thanks in part to some moderation in payment rate.
Annual Returns
| Company | Ticker | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Synchrony Financial | SYF | -0% | 71% | 7% |