Fifth Third Bancorp (FITB) Declares $0.13 Quarterly Dividend; Approves 100M Buyback

Fifth Third Bancorp (NASDAQ: FITB) declared a quarterly dividend of $0.13 per share, or $0.52 annualized.

The dividend will be payable on April 21, 2016, to stockholders of record on March 31, 2016, with an ex-dividend date of March 29, 2016.

The annual yield on the dividend is 3 percent.

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 March 31, 2016 to shareholders of record as of March 25, 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 March 31, 2016 to shareholders of record as of March 25, 2016.

Fifth Third also announced that its Board of Directors approved a new share repurchase authorization of up to 100 million shares, which replaces the previous authorization from 2014 under which approximately 16 million shares remain.

For a dividend history and other dividend-related data on Fifth Third Bancorp (FITB) click here.

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