Fifth Third Bancorp Increases Quarterly Cash Dividend on its Common Stock 25% to $0.10 Per Share
CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bancorp (FITB) today declared a third quarter 2012 cash dividend on its common shares of $0.10, an increase of $0.02, or 25%, from its previous quarterly dividend rate. The annualized dividend rate is $0.40 per share, up $0.08 from $0.32 previously. The cash dividend is payable on Thursday, October 18, 2012 to shareholders of record as of Friday, September 28, 2012.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $118 billion in assets and operates 15 affiliates with 1,321 full-service Banking Centers, including 105 Bank Mart® locations open seven days a week inside select grocery stores and 2,405 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 39% interest in Vantiv Holding, LLC, formerly Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2012, had $291 billion in assets under care, of which it managed $25 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ® National Global Select Market under the symbol "FITB."
Fifth Third Bancorp
Jim Eglseder, 513-534-8424
Laura Wehby, 513-534-7407
Debra DeCourcy, APR, 513-534-4153
Source: Fifth Third BancorpCopyright Business Wire 2012