SNV-E Synovus Financial Corp. 5.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E

We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board. From the date of issuance to, but excluding, July 1, 2024, we will pay dividends, when, as, and if declared by our board or such committee at a fixed rate of 5.875% per annum, payable quarterly, in arrears, on January 1, April 1, July 1 and October 1 of each year beginning on October 1, 2019, and ending on July 1, 2024. From and including July 1, 2024, for each reset period, we will pay dividends, when, as, and if declared by our board or such committee at a rate equal to the five-year U.S. Treasury Rate as of the most recent reset dividend determination date (as described elsewhere in this prospectus supplement) plus 4.127% per annum, payable quarterly, in arrears, on January 1, April 1, July 1 and October 1 of each year, beginning on July 1, 2024. We may redeem the Preferred Stock at our option, (i) in whole or in part, from time to time, on July 1, 2024 or any subsequent reset date at a redemption price equal to $25 per share, plus any declared and unpaid dividends.  This security was issued by Synovus Financial Corp, whose common stock symbol is SNV.

$21.00  +0.73 (3.60%)
As of 03/27/2023 09:49:55 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  06/25/2019
Outstanding shares:  14,000,000
Average volume:  12,424
Market cap:   $349,860,000
Current dividend yield:  5.88%    calculation
Initial coupon rate:    5.875%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   07/01/2024
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BKFHSG7