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.”
Fifth Third Bancorp
Sameer Gokhale (Investors), 513-534-2219
or
Larry Magnesen (Media), 513-534-8055