Synovus Financial Corp 6.30% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D
By: Tim McPartland,
Date Issued 6/12/2018
Shares Issued 8,000,000 Overallotment Shares 0
Security Ticker Symbol SNV-D
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Market Traded ON NYSE
Dividend Payment Paid on the 21st of March, June, September and December beginning on 9/21/2018
Dividend .394 Annual Dividend 1.576
Dividends will float after June 21, 2023 at a rate of 3 month Libor plus 3.352%
Securities may be redeemed, at the issuers option, as early as 06/21/2023 for a redemption price of $25/share plus accrued dividends
Dividend Payment Likely Will be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for Synovus Financial
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Click Here to find the offering Prospectus and Final Pricing Document
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
