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Top Dividend Stocks Under $5

Synovus Financial (SNV - Get Report)

Closing price: $3.24 (May 12)

Market Cap: $1.5 billion

Annual Dividend: 4 cents

Dividend Yield: 1.3% (forward annual)

Recent developments: In late April, Synovus priced an offering of 255 million common shares at $2.75 per share, which will reap net proceeds of approximately $668.4 million. Synovus also priced 12 million tangible equity units at $25 each, generating net proceeds of approximately $290.1 million. Citigroup and FBR Capital analysts upgraded the stock following the capital raise.

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SYM TRADE IT LAST %CHG
BUSE $6.11 -0.65%
CIM $15.06 -0.92%
MCHX $4.26 0.24%
MWA $9.53 -2.00%
SNV $28.01 0.32%

Markets

DOW 17,996.69 -73.71 -0.41%
S&P 500 2,104.30 -10.19 -0.48%
NASDAQ 4,966.9720 -49.9570 -1.00%

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