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Fifth Third Bancorp Announces Cash Dividends

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Fifth Third Bancorp (Nasdaq: FITB) announced cash dividends for its various shares, including $0.27 per common share for Q2 2021, payable on July 15, 2021, to shareholders on record as of June 30, 2021. Preferred shareholders also benefit from dividends on Series H at $637.50, Series I at $414.06, Series J at $210.4375, Series K at approximately $309.375, Series L at $281.25, and Class B Series A at $15.00, all payable on June 30, 2021, to shareholders on record as of June 28, 2021.

Positive
  • Continued dividend payments signal strong financial performance and confidence.
  • Diverse dividend offerings across common and preferred shares enhance shareholder value.
Negative
  • None.

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 $0.27 per share for the second quarter of 2021. The dividend is payable on July 15, 2021 to shareholders of record as of June 30, 2021.

Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H, at the rate of $637.50 per preferred share, which equates to approximately $25.50 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 June 30, 2021 to shareholders of record as of June 28, 2021.

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 June 30, 2021 to shareholders of record as of June 28, 2021.

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 LIBOR plus 3.129% per preferred share), at the rate of $210.4375 per preferred share, which equates to approximately $8.4175 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 June 30, 2021 to shareholders of record as of June 28, 2021.

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 June 30, 2021 to shareholders of record as of June 28, 2021.

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 June 30, 2021 to shareholders of record as of June 28, 2021.

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 June 30, 2021 to shareholders of record as of June 28, 2021.

About Fifth Third

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of March 31, 2021, Fifth Third had $207 billion in assets and operated 1,098 full-service banking centers and 2,383 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 53,000 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 March 31, 2021, had $464 billion in assets under care, of which it managed $58 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.” Fifth Third Bank was established in 1858. Deposit and Credit products are offered by Fifth Third Bank, National Association. Member FDIC.

FAQ

What is the cash dividend amount for Fifth Third Bancorp's common shares in Q2 2021?

Fifth Third Bancorp declared a cash dividend of $0.27 per common share for Q2 2021.

When is the dividend for common shares payable?

The dividend for common shares is payable on July 15, 2021.

What are the dividend details for Fifth Third's preferred shares?

Dividends for preferred shares are: Series H at $637.50, Series I at $414.06, Series J at $210.4375, Series K at approximately $309.375, Series L at $281.25, and Class B Series A at $15.00, all payable on June 30, 2021.

When will the preferred shares dividends be paid?

The preferred shares dividends will be paid on June 30, 2021.

What is the record date for the cash dividends declared by Fifth Third Bancorp?

The record date for common shares is June 30, 2021, and for preferred shares, it is June 28, 2021.

Fifth Third Bancorp

NASDAQ:FITB

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Banks - Regional
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United States of America
CINCINNATI