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Synchrony Financial to raise quarterly dividend in Q3, unveils $4 billion share buyback

Ciara Linnane

Synchrony Financial said Thursday it is raising its quarterly cash dividend to 22 cents a share from 21 cents in the third quarter. The company said its board has approved a $4 billion share buyback program. Shares were slightly lower premarket, but have gained 0.3% in the last 12 months, while the S&P 500 has gained 6.7%.