Fifth Third Bancorp Announces Cash Dividends
17 Décembre 2019 - 8:54PM
Business Wire
Fifth Third Bancorp today declared cash dividends on its common
shares, Series H preferred shares, Series I preferred shares,
Series J preferred shares, Series K 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 per share for the fourth
quarter of 2019. The dividend is payable on January 15, 2020 to
shareholders of record as of December 31, 2019.
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 December 31,
2019 to shareholders of record as of December 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 December 31, 2019 to shareholders of record
as of December 27, 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 $334.42 per preferred share, which equates
to approximately $13.3768 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
December 31, 2019 to shareholders of record as of December 27,
2019. Beginning September 30, 2019, Series J Preferred Stock
converted from fixed dividends (4.90%) paid on a semi-annual basis
to floating rate dividends paid on a quarterly basis at the rate of
3 month LIBOR, reset quarterly, plus 3.129% per preferred
share.
Fifth Third also declared a cash dividend on its 4.95%
Non-Cumulative Perpetual Preferred Stock, Series K (Nasdaq: FITBO),
at the rate of $357.50 per preferred share, which equates to
approximately $0.3575 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 December 31,
2019 to shareholders of record as of December 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 $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 December 31, 2019 to shareholders of record as of December 27,
2019.
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 September 30, 2019, Fifth Third had $171 billion
in assets and operated 1,143 full-service banking centers and 2,487
ATMs with Fifth Third branding 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 September 30, 2019, had $397 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, National
Association. Member FDIC.
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version on businesswire.com: https://www.businesswire.com/news/home/20191217005792/en/
Chris Doll (Investor Relations) Christopher.Doll@53.com |
513-534-2345
Gary Rhodes (Media) Gary.Rhodes@53.com | 513-534-4225
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