Fifth Third Bancorp hikes dividend by 10%

On September 12, 2022, Fifth Third Bancorp (FITB) declared a quarterly dividend of $0.33 per share, up 10% from the previous quarterly dividend of $0.30 per share. This marks 12 consecutive years of dividend increases by the bank holding company.

The next FITB dividend of $0.33 per share is payable on October 17, 2022 to shareholders of record as of September 30, 2022. A new annualized dividend rate of $1.32 per share yields 3.6% to Fifth Third Bancorp shareholders at a stock price of $36.52. The next ex-dividend date for FITB stock is September 29, 2022.

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. Fifth Third Bank was established in 1858 and has paid a dividend every year since 1975.