Synovus Financial Corp. (NYSE:SNV) Quarterly Dividend Announced


Dallas, Texas 03/17/2014 (FINANCIALSTRENDS) –  Synovus Financial Corp. (NYSE:SNV) board of directors announced a quarterly-dividend of $0.01 per share on the Company’s common stock. Stockholders on record as of Thursday, 20 March will be eligible for the payout. This represents an annualized-dividend of $0.04 and a dividend-yield of 1.14%. The Columbus based financial company with market cap of 3.32B in its quarterly earnings reported earnings per share of $0.05 for the quarter, which was in-line with the average projection of $0.05.

Synovus Financial Corp. (NYSE:SNV) Company’s Stock Rated Outperform by Zack.

According to the reports, analysts from Zacks have recommended “outperform” rating with price target of $4.00 on the company’s stock. Other market analysts have covered the company’s stock. After weighing the shares, 5 of them have rated it as “hold” rating and 4 have tagged a “buy” rating. The average rating of the company is “hold” with price target of $3.35.

Also, the company’s vice president Kevin Joseph Howard has reportedly sold of around 27,500 company shares in the open market. The estimated transaction reported was around was $96,800.00 with average-price of $3.52 per share. After the transaction he now owns around 321,464 company shares and its worth is estimated to be $1,131,553.

Synovus Financial Corp. proposes New Board Members.

With two of the company’s board members retiring, Synovus Financial Corp has announced its board of directors has nominated two candidates for elections to the post of Directors to be held on April 24, 2014. The company’s CEO and Chairman will nominate Tim E. Bentsten and Dr.HarrisPastides and they are expected to become full term as members of the Board. According to the company’s CEO, with these 2 new members on board, Synovus Financial Corp would gain expertise as well as guidance from such experienced stalwarts of the financial industry.