Operations: Provident Financial Services, Inc. generates revenue primarily through its Traditional Banking and Other Financial Services segment, which amounted to $427.77 million.

Dividend Yield: 5%

Provident Financial Services offers a dividend yield of 5.03%, ranking in the top 25% of US payers, with stable and growing dividends over the past decade. However, its high payout ratio of 103% raises concerns about sustainability. Recent financials show a net loss for Q2, impacted by large one-off items and increased loan charge-offs. Despite this, the company was added to the S&P Banks Select Industry Index and continues to affirm quarterly dividends.

• Click here and access our complete dividend analysis report to understand the dynamics of Provident Financial Services.

• The valuation report we've compiled suggests that Provident Financial Services' current price could be quite moderate.

Synovus Financial

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Synovus Financial Corp. is a bank holding company for Synovus Bank, offering commercial and consumer banking products and services, with a market cap of approximately $6.60 billion.

Operations: Synovus Financial Corp.'s revenue segments include Consumer Banking at $651.18 million, Community Banking at $470.57 million, Wholesale Banking at $827.74 million, and Financial Management Services (FMS) at $274.30 million.

Dividend Yield: 3.3%

Synovus Financial's dividend yield of 3.27% is below the top 25% of US dividend payers, with a high payout ratio of 92.9%, raising sustainability concerns. Dividends have been stable and growing over the past decade. Recent earnings reveal a net loss for Q2, contrasting with last year's profit, impacting coverage prospects despite forecasted growth in earnings. The company continues to affirm quarterly dividends and has filed a $44.96 million shelf registration for its Dividend Reinvestment Plan.

• Unlock comprehensive insights into our analysis of Synovus Financial stock in this dividend report.

• Insights from our recent valuation report point to the potential overvaluation of Synovus Financial shares in the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NasdaqGS:FFIC NYSE:PFS and NYSE:SNV.

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