Synchrony Financial(SFY) - Get Report hiked its dividend to 15 cents per share from 13 cents per share, while also approving a share repurchase program of up to $1.64 billion through June 30, 2018. 

The company said that it plans to make share repurchases from time to time based on market conditions. 

Synchrony Financial shares are down more that 11% over the last 12 months and have fallen about 27% year to date. 

Synchrony Financial is a consumer financial company based in Stamford, CT that provides a range of credit products to clients. 

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