synchrony financial shares were up 21 premarket to 3850 after the company set a share buyback program and said it plans to boost its dividend quarterly pershare earnings also came in above analyst views synchrony said its board approved an incremental repurchase program of up to 28 billion beginning this quarter through june 30 2023 the consumer financial services company also said it plans to increase the quarterly cash dividend to 23 cents from 22 cents a share starting in the third quarter synchrony had about 250 million remaining under its prior buyback program as of march 31 and this increase will bring the total amount of repurchase authorization to about 31 billion through june 30 2023 synchrony monday reported firstquarter net was 932 million down from 103 billion in the yearago period earnings per share were 177 up from 173 and above factset consensus for 153 net interest income increased to 38 billion which the company attributed to higher interest and fees on loans and decrease in interest expense