Fifth Third Bancorp (NASDAQ:FITBI) Increases Dividend to $0.59 Per Share

Fifth Third Bancorp (NASDAQ:FITBI) announced a quarterly dividend on Monday, September 16th, Wall Street Journal reports. Stockholders of record on Thursday, September 26th will be given a dividend of 0.5943 per share on Monday, September 30th. This represents a $2.38 annualized dividend and a dividend yield of 9.07%. The ex-dividend date of this dividend is Thursday, September 26th. This is an increase from Fifth Third Bancorp’s previous quarterly dividend of $0.59.

Fifth Third Bancorp Price Performance

FITBI traded down $0.02 on Monday, hitting $26.22. The company had a trading volume of 21,420 shares, compared to its average volume of 29,046. Fifth Third Bancorp has a 12-month low of $24.11 and a 12-month high of $26.25. The stock has a fifty day moving average price of $25.79 and a 200-day moving average price of $25.68.

About Fifth Third Bancorp

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.