Fifth Third Bancorp (FITB) will raise its quarterly dividend by 7.7 percent from $0.13 to $0.14 per share. The dividend is payable on January 17, 2017 to shareholders of record as of December 30, 2016. Based on a stock price of $27.76 the new dividend yield for Fifth Third Bancorp is 2%.
Fifth Third Bank was established in 1858 and has paid a dividend every year since 1975.
Fifth Third Bancorp, organized in 1975, is a bank holding company headquartered in Cincinnati, Ohio, and the parent company of Fifth Third Bank, an Ohio-chartered bank. Fifth Third operates full-service banking centers and ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management.