Fifth Third Bancorp Announces Cash Dividends
September 17 2019 - 9:34AM
Business Wire
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190917005753/en/
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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