Fifth Third Bancorp Announces Cash Dividends
March 18 2021 - 1:46PM
Business Wire
Today Fifth Third Bancorp announced the declaration of cash
dividends on its common 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 $0.27 per share for the first
quarter of 2021. The dividend is payable on April 15, 2021 to
shareholders of record as of March 31, 2021.
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, 2021 to shareholders of record as
of March 29, 2021.
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 $211.50 per preferred share, which equates
to approximately $8.46 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 March 31, 2021
to shareholders of record as of March 29, 2021.
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 March 31, 2021 to shareholders of record as of March 29,
2021.
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 March 31, 2021
to shareholders of record as of March 29, 2021.
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 March 31, 2021 to shareholders of record as of March 29,
2021.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio, and the indirect parent company
of Fifth Third Bank, National Association, a federally chartered
institution. As of December 31, 2020, the Company had $205 billion
in assets and operates 1,134 full-service Banking Centers, and
2,397 Fifth Third branded ATMs in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia,
North Carolina and South Carolina. In total, Fifth Third provides
its customers with access to approximately 52,000 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 December 31, 2020, had
$434 billion in assets under care, of which it managed $54 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.”
Category: Dividends
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version on businesswire.com: https://www.businesswire.com/news/home/20210318005832/en/
Chris Doll (Investor Relations) March 18, 2021
Christopher.Doll@53.com | 513-534-2345
Ed Loyd (Media) Edgar.Loyd@53.com | 513-534-6397
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