Synovus Announces Quarterly Cash Dividend Increase.
COLUMBUS, Ga. -- Synovus (NYSE NYSE
See: New York Stock Exchange : SNV) today announced a 5.3% increase in its quarterly cash dividend, from $0.1733 to $0.1825 per share. The cash dividend is payable on April 1, 2005, to Synovus shareholders of record as of March 24, 2005.
"We have solid strategies in place for accelerating growth in our existing and emerging high growth markets, for broadening our customer relationships and for providing opportunities for our team members," said James H. Blanchard, 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. . "Synovus' recent growth ranks high among its peers, and we are optimistic about our future prospects."
Synovus (NYSE: SNV) is a diversified financial services holding company with over $25 billion in assets based in Columbus, Georgia. Synovus provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through 40 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. ), the world's largest third-party processor of international payments. Synovus has been named one of "The 100 Best Companies To Work For" in America by FORTUNE magazine, and has been recognized in its Hall of Fame for consecutive appearances on the list since its inception in 1998. In 2004, Synovus was also named as one of "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. ." See Synovus on the Web at www.synovus.com.