Company: Synchrony Financial (SYF)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Synchrony Financial, originally a spinoff of GE Capital’s retail financing business, is the largest provider of private-label credit cards in the United States by both outstanding receivables and purchasing volume. Synchrony partners with other firms to market its credit products in their physical stores as well as on their websites and mobile applications. Synchrony operates through three segments: retail card (private-label and co-branded general-purpose credit cards), payment solutions (promotional financing for large ticket purchases), and CareCredit (financing for elective healthcare procedures). -Morningstar.com-
Symbol: SYF
Recent Price: $44.82
Dividends: $1.00
Yield: 2.23%
Sector: Financial Services
Industry: Credit Services
Address & Company Phone #: 777 Long Ridge Road Stamford CT 06902, 203-585-2400
Transfer Agent: Computershare 800-981-8676
Moody’s Rating: NR
Minimum & Maximum Investment: $10 – $250,000/year
Investment Dates: Weekly
Shares to Qualify: 1 Share or $25
Fees: Div.: 5% of amount invested up to $5 Max Cash: $5+5¢/sh. Cert: Sells: by Mail, Phone or Internet for $25+12¢/sh.
52 Week High & Low: $40.92, $26.59