Synchrony Financial Keeps Dividend Steady Despite Steep Profit Decline

Synchrony Financial's (NYSE: SYF) will keep its dividends flowing at the same rate as it did for its previous three distributions, despite a significant drop in profitability in the company's recently reported first quarter. On Friday, it's board announced that the company's next quarterly payout would be $0.22 per share.

This is to be handed out on May 14 to shareholders of record as of the close of business on May 4. At the most recent closing stock price, the dividend yields 5.2%, which is relatively generous for the finance sector.

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Source Fool.com