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Synovus to pay 17-cent cash dividend

Regional bankholding firm Synovus Financial Corp. said Monday it will pay a 17-cent per share quarterly cash dividend.

The Columbus-based company said the dividend is payable April 1 to its shareholders of record March 20.

The firm said it has adjusted the dividend so that those shareholders who have retained their TSYS shares will receive, in aggregate, the same dividend per share that existed before Synovus spun off its TSYS shares to the bank's shareholders. The spinoff occurred at midnight Dec. 31.

Synovus oversees $33 billion in assets. It has 37 banks and 440 ATMs operating in Georgia, Alabama, South Carolina, Florida and Tennessee.

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