Fifth Third Bancorp Increases Quarterly Cash Dividend on Its Common Stock Approximately 8% to $0.14 Per Share
December 20 2016 - 1:53PM
Business Wire
Also declares preferred dividends
Fifth Third Bancorp today declared cash dividends on its common
shares, Series H 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 fourth quarter of
2016, an increase of $0.01, or approximately 8 percent, from its
previous quarterly dividend rate. The dividend is payable on
January 17, 2017 to shareholders of record as of December 30,
2016.
Fifth Third also declared a cash dividend on its 5.10%
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock,
Series H, at the rate of $637.50 per preferred share, which equates
to approximately $25.50 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 January 3,
2017 to shareholders of record as of December 30, 2016.
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 January 3, 2017 to shareholders of record as
of December 30, 2016.
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of September 30, 2016, the
Company had $143 billion in assets and operates 1,191 full-service
Banking Centers, including 94 Bank Mart® locations, most open seven
days a week, inside select grocery stores and 2,514 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 September 30,
2016, had $314 billion in assets under care, of which it managed
$27 billion for individuals, corporations and not-for-profit
organizations. 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.”
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161220005895/en/
Fifth Third BancorpSameer Gokhale (Investors),
513-534-2219orLarry Magnesen (Media), 513-534-8055
Fifth Third Bancorp (NASDAQ:FITBI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Fifth Third Bancorp (NASDAQ:FITBI)
Historical Stock Chart
From Jul 2023 to Jul 2024