From Seekingalpha · Prakhar Agarwal, CFA · · 40s
Synchrony Financial Preferreds Boost Appeal
Synchrony Financial's preferred shares gain buy rating with 8% yield after price drops.
In brief
Synchrony Financial's preferred shares gain buy rating with 8% yield after price drops. Synchrony Financial's Series A preferred shares are upgraded to buy with nearly 8% yield after recent price declines. Originally reported by Seekingalpha.
Synchrony Financial Preferreds
Synchrony Financial Series A preferred upgraded to buy with nearly 8% yield after recent price declines.
Strong Credit Safety
SYF.PR.A offers ~40x dividend coverage and robust common equity base to reduce credit risk.
Discounted Price
SYF.PR.A trades at ~30% discount to par with negligible call risk for long-term investors.
The takeaway
Synchrony Financial's Series A preferred shares are upgraded to buy with nearly 8% yield after recent price declines.
