Fifth Third Bancorp Announces Cash Dividends
CINCINNATI--(BUSINESS WIRE)--Sep 19, 2018--Fifth Third Bancorp today declared cash dividends on its common shares, Series J preferred shares, and Series I preferred shares.
Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.18 for the third quarter of 2018. The dividend is payable on October 15, 2018 to shareholders of record as of September 28, 2018.
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 October 1, 2018 to shareholders of record as of September 28, 2018.
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 October 1, 2018 to shareholders of record as of September 28, 2018.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of June 30, 2018, the Company had $141 billion in assets and operates 1,158 full-service Banking Centers, and 2,458 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 54,000 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, 2018, had $368 billion in assets under care, of which it managed $37 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.”
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CONTACT: Fifth Third Bancorp
Sameer Gokhale, 513-534-2219
Larry Magnesen, 513-534-8055
KEYWORD: UNITED STATES NORTH AMERICA OHIO
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE OTHER PROFESSIONAL SERVICES
SOURCE: Fifth Third Bancorp
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PUB: 09/19/2018 01:26 PM/DISC: 09/19/2018 01:26 PM