Fifth Third Bancorp Announces Cash Dividends
March 18 2024 - 1:11PM
Business Wire
Today, Fifth Third Bancorp announced the declaration of cash
dividends on its common shares, Series H preferred shares, Series I
preferred shares, Series J preferred shares, Series K preferred
shares, Series L preferred shares, and Class B Series A preferred
shares.
Fifth Third Bancorp (Nasdaq: FITB) today declared a cash
dividend on its common shares of $0.35 per share for the first
quarter of 2024. The dividend is payable on April 15, 2024 to
shareholders of record as of March 28, 2024.
Fifth Third also declared a cash dividend on its 5.10%
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock,
Series H (quarterly rate of 3 month Term SOFR plus 3.033% plus
0.26161% [the ARRC-recommended LIBOR-SOFR spread adjustment] per
preferred share), at the rate of $545.09 per preferred share, which
equates to approximately $21.8036 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
April 1, 2024 to shareholders of record as of March 28, 2024.
Fifth Third also declared a cash dividend on its 6.625%
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock,
Series I (quarterly rate of 3 month Term SOFR plus 3.71% plus
0.26161% [the ARRC-recommended LIBOR-SOFR spread adjustment] per
preferred share; Nasdaq: FITBI), at the rate of $587.86 per
preferred share, which equates to approximately $0.5879 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 April 1, 2024 to shareholders of
record as of March 28, 2024.
Fifth Third also declared a cash dividend on its 4.90%
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock,
Series J (quarterly rate of 3 month Term SOFR plus 3.129% plus
0.26161% [the ARRC-recommended LIBOR-SOFR spread adjustment] per
preferred share), at the rate of $551.01 per preferred share, which
equates to approximately $22.0402 for each depository 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
April 1, 2024 to shareholders of record as of March 28, 2024.
Fifth Third also declared a cash dividend on its 4.95% Fixed
Rate Non-Cumulative Perpetual Preferred Stock, Series K (Nasdaq:
FITBO), at the rate of approximately $309.375 per preferred share,
which equates to approximately $0.30938 for each depositary share.
Each depositary share represents a 1/1000th ownership interest in a
share of Series K Preferred Stock. The Series K dividend is payable
on April 1, 2024 to shareholders of record as of March 28,
2024.
Fifth Third also declared a cash dividend on its 4.50%
Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series
L, at the rate of $281.25 per preferred share, which equates to
approximately $11.25 for each depositary share. Each depositary
share represents a 1/25th ownership interest in a share of Series L
Preferred Stock. The Series L dividend is payable on April 1, 2024
to shareholders of record as of March 28, 2024.
Fifth Third also declared a cash dividend on its 6.00%
Non-Cumulative Perpetual Class B Preferred Stock, Series A (Nasdaq:
FITBP), at the rate of $15.00 per preferred share, which equates to
approximately $0.3750 for each depositary share. Each depositary
share represents a 1/40th ownership interest in a share of Class B
Series A Preferred Stock. The Class B Series A dividend is payable
on April 1, 2024 to shareholders of record as of March 28,
2024.
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on
history. Since 1858, we’ve been helping individuals, families,
businesses and communities grow through smart financial services
that improve lives. Our list of firsts is extensive, and it’s one
that continues to expand as we explore the intersection of
tech-driven innovation, dedicated people, and focused community
impact. Fifth Third is one of the few U.S.-based banks to have been
named among Ethisphere's World’s Most Ethical Companies® for
several years. With a commitment to taking care of our customers,
employees, communities and shareholders, our goal is not only to be
the nation’s highest performing regional bank, but to be the bank
people most value and trust.
Fifth Third Bank, National Association is a federally chartered
institution. Fifth Third Bancorp is the indirect parent company of
Fifth Third Bank and its common stock is traded on the NASDAQ®
Global Select Market under the symbol “FITB.” Investor information
and press releases can be viewed at www.53.com.
Category: Dividends
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Matt Curoe (Investor Relations) March 18, 2024 Matt.Curoe@53.com
| 513-534-2345 Jennifer Hendricks Sullivan (Media Relations)
Jennifer.Hendricks.Sullivan@53.com | 614-744-7693
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