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

By Sue Chang Markets MarketWatch Pulse

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.

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