Fifth Third Bancorp Announces Cash Dividends

Date : 09/17/2019 @ 2:34PM
Source : Business Wire
Stock : Fifth Third Bancorp (FITB)
Quote : 14.28  0.0 (0.00%) @ 9:39AM

Fifth Third Bancorp Announces Cash Dividends

Fifth Third Bancorp (NASDAQ:FITB)
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Fifth Third Bancorp today declared cash dividends on its common shares, Series J preferred shares, Series I preferred shares, and Class B Series A preferred shares.

Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.24 for the third quarter of 2019. The dividend is payable on October 15, 2019 to shareholders of record as of September 30, 2019.

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 September 30, 2019 to shareholders of record as of September 27, 2019.

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 September 30, 2019 to shareholders of record as of September 27, 2019.

Fifth Third also declared a cash dividend on its 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A (Nasdaq: FITBP), at the rate of $5.83 per preferred share, which equates to approximately $0.14583 for each depositary share. Each depositary share represents a 1/40th ownership interest in a share of Class B Series A Preferred Stock. The Class B Series A dividend is payable on September 30, 2019 to shareholders of record as of September 27, 2019.

About Fifth Third

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of June 30, 2019, the Company had $169 billion in assets and operates 1,207 full-service Banking Centers, and 2,551 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to approximately 53,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2019, had $399 billion in assets under care, of which it managed $46 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory 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.” Fifth Third Bank was established in 1858. Deposit and Credit products are offered by Fifth Third Bank. Member FDIC.

Chris Doll (Investor Relations) Christopher.Doll@53.com | 513-534-2345 Gary Rhodes (Media Relations) Gary.Rhodes@53.com | 513-534-4225

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