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CINCINNATI – Fifth Third Bancorp (NASDAQ:) announced cash dividends on various classes of stock, including common stock and preferred stock. In its recent declaration, the company has set a dividend of $0.35 per common share for the first quarter of 2024, to be paid to shareholders listed on the register as of March 28, 2024. The payment date will be April 15, 2024.
In addition, several preferred stock dividends were also announced. Series H, which is a 5.10% fixed to floating rate non-cumulative perpetual preferred stock, has a dividend rate of $545.09 per share, representing approximately $21.8036 per depositary share, each representing one-fifth of a Series H preferred stock. It corresponds to interest. . This dividend is scheduled to be paid on April 1, 2024.
The 6.625% Fixed to Floating Rate Non-Cumulative Perpetual Preferred Stock Series I (NASDAQ:FITBI) dividend rate is $587.86 per share, which is approximately $0.5879 per depositary share, or 1/1000th of a percent, respectively. equivalent. interest. This dividend is also scheduled to be paid on April 1, 2024.
Holders of Series J Preferred Stock will receive a dividend rate of $551.01 per share, or approximately $22.0402 per depositary share. Each depositary share represents 1/25th interest in a Series J Preferred Share. Dividends on Series K Preferred Stock (NASDAQ: FITBO) are equivalent to approximately $309.375 per share and $0.30938 per depositary share, with each dividend representing 1/1000 of an interest.
The bank also announced a dividend on its Series L preferred stock of $281.25 per share, or approximately $11.25 per depositary share, each representing 1/25th interest. Finally, the 6.00% Noncumulative Perpetual Class B Preferred Stock, Series A (NASDAQ:FITBP) dividend will be $15.00 per share, or approximately $0.3750 per depositary share, each representing 1/40th of an interest. Masu. All preferred stock dividends described above will be paid on April 1, 2024 to shareholders of record as of March 28, 2024.
This dividend declaration reflects Fifth Third Bancorp's continued commitment to providing returns to its shareholders. Known for its innovation and history, the bank remains focused on financial services that foster growth for individuals, businesses and communities. This information is based on a press release statement from Fifth Third Bancorp.
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