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 $0.13 for the second quarter of 2014, an increase of
$0.01, or 8 percent, from its previous quarterly dividend rate. The
dividend is payable on July 17, 2014 to shareholders of record as of
June 30, 2014.
Fifth Third also declared a semi-annual cash dividend on its 5.10%
Non-Cumulative Perpetual Convertible 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 June 30, 2014 to shareholders of record
as of June 27, 2014.
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 June 30,
2014 to shareholders of record as of June 27, 2014.
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of March 31, 2014, the Company had
$130 billion in assets and operated 17 affiliates with 1,309
full-service Banking Centers, including 104 Bank Mart® locations, most
open seven days a week, inside select grocery stores and 2,616 ATMs in
Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West
Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth
Third operates four main businesses: Commercial Banking, Branch Banking,
Consumer Lending, and Investment Advisors. Fifth Third also has a 23%
interest in Vantiv Holding, LLC. Fifth Third is among the largest money
managers in the Midwest and, as of March 31, 2014, had $302 billion in
assets under care, of which it managed $26 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."
Fifth Third Bancorp
Jim Eglseder (Investors), 513-534-8424
Larry Magnesen (Media), 513-534-8055