Fifth Third Bancorp Increases Quarterly Cash Dividend on its Common Shares 2 cents, or 6%, to $0.35 per Share

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[{"type":"text","content":"\nMarks 8th consecutive year of increased common dividend per share, reflecting a resilient balance sheet and strong earnings profile\n\n\nAlso declares preferred dividends\n\n\n CINCINNATI--(BUSINESS WIRE)--\nToday 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.\n\n\nFifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.35 per share for the third quarter of 2023. The dividend is payable on October 16, 2023 to shareholders of record as of September 30, 2023.\n\n\nFifth 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 LIBOR plus 3.033% per preferred share), at the rate of $547.63 per preferred share, which equates to approximately $21.9052 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 October 2, 2023 to shareholders of record as of September 28, 2023.\n\n\nFifth 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 October 2, 2023 to shareholders of record as of September 28, 2023.\n\n\nFifth 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 $553.61 per preferred share, which equates to approximately $22.1444 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 October 2, 2023 to shareholders of record as of September 28, 2023.\n\n\nFifth Third also declared a cash dividend on its 4.95% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K (Nasdaq: FITBO), at the rate o...

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