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Fifth Third Bancorp declare dividends on preferred stock.

M2 EQUITYBITES-September 20, 2018--Fifth Third Bancorp declare dividends on preferred stock

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Global Banking News - 20 September 2018

Fifth Third Bancorp has said that it has declared cash dividends on its series J and series I preferred stock.

The company has declared a cash dividend of USD612.50 per share (equivalent to nearly USD24.50 per depository share) on its 4.90 percent series-J fixed-to-floating rate non-cumulative perpetual preferred stock and a cash dividend of USD414.06 per share (equivalent to nearly USD0.41406 per depository share) on its 6.625percent series-I fixed-to-floating rate non-cumulative perpetual preferred stock.

The preferred stock dividends on series J and I will be payable on October 1, 2018 to shareholders of record as of September 28, 2018.

Headquartered in Cincinnati, Ohio, Fifth Third Bancorp is a diversified financial services company with USD141bn in assets as of June 30, 2018. The company operates 1,158 full-service banking centres and 2,458 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina.

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Publication:M2 EquityBites (EQB)
Date:Sep 20, 2018
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