Fifth Third Bancorp (FITB) Raises Quarterly Dividend 9.1% to $0.24; Approves 100M Share Buyback

Fifth Third Bancorp (NASDAQ: FITB) declared a quarterly dividend of $0.24 per share, or $0.96 annualized. This is a 9.1% increase from the prior dividend of $0.22.

The dividend will be payable on July 15, 2019, to stockholders of record on June 28, 2019, with an ex-dividend date of June 27, 2019.

The annual yield on the dividend is 3.5 percent.

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 2018 under which approximately 22 million shares remain. The new repurchase authorization does not have an expiration date, does not include specific price targets, may be executed through open market purchases or one or more private negotiated transactions, including Rule 10b5-1 programs, and may be suspended at any time.

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

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