Synovus Financial (SNV) is a Top Dividend Stock Right Now: Should You Buy?

Company Overview - Synovus Financial (SNV) is headquartered in Columbus and has experienced a price change of -8.37% this year [3] - The company currently pays a dividend of $0.39 per share, resulting in a dividend yield of 3.32%, which is higher than the Southeast banking industry's yield of 2.44% and the S&P 500's yield of 1.47% [3] Dividend Performance - The current annualized dividend of Synovus Financial is $1.56, reflecting a 2.6% increase from the previous year [4] - Over the past five years, the company has increased its dividend three times year-over-year, with an average annual increase of 4.48% [4] - The current payout ratio is 30%, indicating that the company pays out 30% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year 2025, the Zacks Consensus Estimate for earnings is $5.43 per share, which represents a year-over-year earnings growth rate of 22.57% [5] - The company is positioned as a strong dividend play, appealing to income investors [6] Investment Considerations - Synovus Financial is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [6]