Synovus Announces Increase in Quarterly Cash Dividend.COLUMBUS, Ga. -- Synovus (NYSE NYSE
See: New York Stock Exchange : SNV SNV Synovus Financial Corp. (stock symbol)
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SNV Stichting Nederlandse Vrijwilligers (Netherlands Development Organization) ), the Columbus, Georgia-based diversified financial services company, today announced a 6.8% increase in its quarterly cash dividend to $0.1950 per share, up from $0.1825 per share. The cash dividend is payable on April 1, 2006, to Synovus shareholders of record as of the close of business on March 23, 2006.
"We are pleased to announce this increase in our cash dividend for the 30th consecutive year," said Richard E. Anthony, Synovus CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President. "Having recently completed the development of a five-year strategic plan that focuses on growth and performance, we are committed to expanding our footprint, optimizing our current businesses, and exploring new opportunities that will bring maximum returns to our shareholders."
Synovus (NYSE: SNV) is a diversified financial services holding company with more than $27 billion in assets based in Columbus, GA. Synovus provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through 39 banks and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment processing through an 81-percent stake in TSYS TSYS Total System Services, Inc. (NYSE: TSS See ITU. ), one of the world's largest companies for outsourced payment services. FORTUNE magazine has named Synovus one of "The 100 Best Companies to Work For(R)" in America, and has recognized Synovus in its Hall of Fame for consecutive appearances on the list since its inception in 1998. In 2005, Synovus also appeared on "America's Most Admired Companies A yearly publication by Fortune Magazine, America's Most Admired Companies consists of corporations that are highly esteemed by the likes of Business Executives, Directors, and Analysts. A survey is taken of close to 3300 professionals who give their opinions on the companies. " list. See Synovus on the web at www.synovus.com.