Fifth Third Bancorp Increases Quarterly Cash Dividend on its Common Shares 2 cents, or 6%, to $0.35 per Share
September 11 2023 - 4:14PM
Business Wire
Marks 8th consecutive year of increased common
dividend per share, reflecting a resilient balance sheet and strong
earnings profile
Also declares preferred dividends
Today Fifth Third Bancorp announced the declaration of cash
dividends on its common shares, Series H preferred shares, Series I
preferred shares, Series J preferred shares, Series K preferred
shares, Series L preferred shares, and Class B Series A preferred
shares.
Fifth Third Bancorp (Nasdaq: FITB) today declared a cash
dividend on its common shares of $0.35 per share for the third
quarter of 2023. The dividend is payable on October 16, 2023 to
shareholders of record as of September 30, 2023.
Fifth Third also declared a cash dividend on its 5.10%
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock,
Series H (quarterly rate of 3 month LIBOR plus 3.033% per preferred
share), at the rate of $547.63 per preferred share, which equates
to approximately $21.9052 for each depositary share. Each
depositary share represents a 1/25th ownership interest in a share
of Series H Preferred Stock. The Series H dividend is payable on
October 2, 2023 to shareholders of record as of September 28,
2023.
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 October 2, 2023 to shareholders of record as
of September 28, 2023.
Fifth Third also declared a cash dividend on its 4.90%
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock,
Series J (quarterly rate of 3 month LIBOR plus 3.129% per preferred
share), at the rate of $553.61 per preferred share, which equates
to approximately $22.1444 for each depository 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
October 2, 2023 to shareholders of record as of September 28,
2023.
Fifth Third also declared a cash dividend on its 4.95% Fixed
Rate Non-Cumulative Perpetual Preferred Stock, Series K (Nasdaq:
FITBO), at the rate of approximately $309.375 per preferred share,
which equates to approximately $0.30938 for each depositary share.
Each depositary share represents a 1/1000th ownership interest in a
share of Series K Preferred Stock. The Series K dividend is payable
on October 2, 2023 to shareholders of record as of September 28,
2023.
Fifth Third also declared a cash dividend on its 4.50%
Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series
L, at the rate of $281.25 per preferred share, which equates to
approximately $11.25 for each depositary share. Each depositary
share represents a 1/25th ownership interest in a share of Series L
Preferred Stock. The Series L dividend is payable on October 2,
2023 to shareholders of record as of September 28, 2023.
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 $15.00 per preferred share, which equates to
approximately $0.3750 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 October 2, 2023 to shareholders of record as of September 28,
2023.
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on
history. Since 1858, we’ve been helping individuals, families,
businesses and communities grow through smart financial services
that improve lives. Our list of firsts is extensive, and it’s one
that continues to expand as we explore the intersection of
tech-driven innovation, dedicated people, and focused community
impact. Fifth Third is one of the few U.S.-based banks to have been
named among Ethisphere's World’s Most Ethical Companies® for
several years. With a commitment to taking care of our customers,
employees, communities and shareholders, our goal is not only to be
the nation’s highest performing regional bank, but to be the bank
people most value and trust.
Fifth Third Bank, National Association is a federally chartered
institution. Fifth Third Bancorp is the indirect parent company of
Fifth Third Bank and its common stock is traded on the NASDAQ®
Global Select Market under the symbol “FITB.” Investor information
and press releases can be viewed at www.53.com.
Category: Dividends
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version on businesswire.com: https://www.businesswire.com/news/home/20230911656893/en/
Chris Doll (Investor Relations) Christopher.Doll@53.com |
513-534-2345
Adrienne Gutbier (Media Relations) Adrienne.Gutbier@53.com |
513-534-8038
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