Fifth Third Bancorp Announces Cash Dividends
February 28 2017 - 3:43PM
Business Wire
Fifth Third Bancorp today declared cash dividends on its common
shares, Series J preferred shares, and Series I preferred
shares.
Fifth Third Bancorp (Nasdaq: FITB) today declared a cash
dividend on its common shares of $0.14 for the first quarter of
2017. The dividend is payable on April 17, 2017 to shareholders of
record as of March 31, 2017.
Fifth Third also declared a cash dividend on its 4.90%
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock,
Series J, at the rate of $612.50 per preferred share, which equates
to approximately $24.50 for each depositary share. Each depositary
share represents a 1/25th ownership interest in a share of Series J
Preferred Stock. The Series J dividend is payable on March 31, 2017
to shareholders of record as of March 29, 2017.
Fifth Third also declared a cash dividend on its 6.625%
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock,
Series I (Nasdaq: FITBI), at the rate of $414.06 per preferred
share, which equates to approximately $0.41406 for each depositary
share. Each depositary share represents a 1/1000th ownership
interest in a share of Series I Preferred Stock. The Series I
dividend is payable on March 31, 2017 to shareholders of record as
of March 29, 2017.
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of December 31, 2016, the
Company had $142 billion in assets and operates 1,191 full-service
Banking Centers, and 2,495 ATMs in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and
North Carolina. Fifth Third operates four main businesses:
Commercial Banking, Branch Banking, Consumer Lending and Wealth
& Asset Management. Fifth Third also has a 17.9% interest in
Vantiv Holding, LLC. Fifth Third is among the largest money
managers in the Midwest and, as of December 31, 2016, had $315
billion in assets under care, of which it managed $31 billion for
individuals, corporations and not-for-profit organizations through
its Trust and Brokerage businesses. Investor information and press
releases can be viewed at www.53.com. Fifth Third’s common stock is
traded on the NASDAQ® Global Select Market under the symbol
“FITB.”
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version on businesswire.com: http://www.businesswire.com/news/home/20170228006754/en/
Fifth Third BancorpSameer Gokhale (Investors), 513-534-2219Larry
Magnesen (Media), 513-534-8055
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