Published May 18, 2017 6:08pm EDT

Synchrony Financial To Buy Back Up To $1.64 Billion In Shares, Hikes Dividend

Synchrony Financial on Thursday announced a new share buyback plan worth $1.64 billion through June 2018. The financial services company also hiked its third-quarter dividend to 15 cents a share from 13 cents currently. Synchrony shares are down 27% year to date and closed Thursday's session at $26.50.