Fifth Third Bancorp (NASDAQ:FITBI) Plans Dividend Increase – $0.48 Per Share

Fifth Third Bancorp (NASDAQ:FITBI) declared a quarterly dividend on Thursday, June 11th. Shareholders of record on Friday, June 26th will be given a dividend of 0.4848 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Friday, June 26th. This is a 1.5% increase from Fifth Third Bancorp’s previous quarterly dividend of $0.48.

Fifth Third Bancorp Stock Performance

NASDAQ:FITBI opened at $25.69 on Friday. The firm has a 50-day moving average price of $25.45 and a two-hundred day moving average price of $25.61. Fifth Third Bancorp has a twelve month low of $25.05 and a twelve month high of $25.99.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. As the parent company of Fifth Third Bank, it offers a wide array of banking and financial products to individuals, small businesses, corporations and governmental entities. Fifth Third Bancorp’s core mission is to provide deposit, lending and wealth management solutions that cater to the evolving needs of its customers.

The company’s principal offerings include consumer and commercial banking services such as checking and savings accounts, home mortgages, credit cards, and installment loans.