Business

Regional bank Synovus to pay quarterly cash dividend of 10 cents per share

Regional bank Synovus Financial Corp. on Wednesday said it will pay a cash dividend of 10 cents per share for the quarter.

The company, headquartered in downtown Columbus and parent of Columbus Bank and Trust, said its board of directors approved the dividend, which is payable April 1 to those owning shares on March 19.

Synovus oversees about $27 billion in assets and operates 28 locally branded divisions, or banks, in Georgia, Alabama, Florida, South Carolina and Tennessee. Its network includes 258 branch offices and 341 automated teller machines.

Last month the bank reported a fourth-quarter profit of $50.6 million, or 37 cents per share, and a profit of $185 million, or $1.33 per share, for 2014 as a whole.

Columbus-based credit-card processor TSYS on Tuesday said it also will pay a quarterly cash dividend of 10 cents per share.

  Comments