Workflow
How To Earn $500 A Month From Synovus Financial Stock Ahead Of Q4 Earnings
SNVSynovus Financial (SNV) Benzinga·2025-01-09 17:42

Financial Performance - Synovus Financial Corp. is set to release its fourth-quarter financial results on January 15, 2025, with expected earnings of 1.22pershare,anincreasefrom84centspershareinthesameperiodlastyear[1]−Thecompanyprojectsquarterlyrevenueof1.22 per share, an increase from 84 cents per share in the same period last year [1] - The company projects quarterly revenue of 19.43 billion, up from 17.44billionayearearlier[1]StockUpgradeandPriceTarget−BarclaysupgradedSynovusFinancial′sstockfromEqual−WeighttoOverweightandraiseditspricetargetfrom17.44 billion a year earlier [1] Stock Upgrade and Price Target - Barclays upgraded Synovus Financial's stock from Equal-Weight to Overweight and raised its price target from 70 to 95[2]DividendInformation−SynovusFinancialcurrentlyoffersanannualdividendyieldof2.9095 [2] Dividend Information - Synovus Financial currently offers an annual dividend yield of 2.90%, translating to a quarterly dividend of 38 cents per share, or 1.52 annually [2] - To earn 500monthlyfromdividends,aninvestmentofapproximately500 monthly from dividends, an investment of approximately 207,020 or around 3,947 shares is required, while a more modest 100monthlywouldneedabout100 monthly would need about 41,383 or 789 shares [2] Dividend Yield Calculation - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price, which can fluctuate based on changes in stock price and dividend payments [3][4] - For example, if a stock pays an annual dividend of 2andispricedat2 and is priced at 50, the yield is 4%, but if the price rises to 60,theyielddropsto3.3360, the yield drops to 3.33% [3] Recent Stock Performance - Shares of Synovus Financial gained 0.1% to close at 52.45 on Wednesday [4]