Synchrony Financial 8-K Report: Insights on Common & Preferred Stock (March 2025)

Here are the key details extracted from the provided section of the financial report:

Entity Information:

Company Name: Synchrony Financial
SEC CIK: 0001601712
Exchange Ticker: SYF (Common Stock), SYFPrA (Series A Preferred), SYFPrB (Series B Preferred)
Address: 777 Long Ridge Road, Stamford, CT 06902
Contact Number: 203-585-2400

Filing Type:

Form Type: 8-K
Filing Date: March 17, 2025

Stock Information:

Common Stock:
- Par Value: $0.001 per share
Preferred Stock:
- Series A Preferred Stock:
- Fixed Rate: 5.625%
- Characteristics: Non-Cumulative, Perpetual
- Denomination: Depositary Shares Each Representing a 1/40th Interest
- Series B Preferred Stock:
- Fixed Rate: 8.250%
- Characteristics: Non-Cumulative, Perpetual
- Denomination: Depositary Shares Each Representing a 1/40th Interest

Reporting Period:

Both the common and preferred stocks are reported for the period starting and ending on March 17, 2025.

Stock Classifications:

Common Stock
Series A Preferred Stock
Series B Preferred Stock

Insights:

Preferred Stock Structure: The company's capital structure includes two series of preferred stock, which indicates a strategy to attract investment while providing fixed income to shareholders. The non-cumulative nature of the preferred stock suggests a level of risk for investors, as missed dividends are not guaranteed to be paid in the future.
Market Position: Being listed on the NYSE indicates that Synchrony Financial is publicly traded, which may enhance its visibility and access to capital.
Potential for Dividend Payments: The fixed rates on the preferred stock may appeal to income-focused investors, providing a predictable return, though the non-cumulative aspect is a consideration for risk management.

This analysis provides a clear picture of Synchrony Financial's current financial instruments and their characteristics, useful for investors assessing the company's capital structure and dividend policies.