Synovus Financial Corp 6.30% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D

By: ,

Date Issued  6/12/2018

Shares Issued  8,000,000    Overallotment Shares   0

Security Ticker Symbol   SNV-D


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


Click Here to find the offering Prospectus and Final Pricing Document


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Tim McPartland
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.
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