Fifth Third boosts buyback to 100M shares

Along with declaring its $0.12 per share quarterly dividend, Fifth Third Bank (FITB +0.7%) replaces its buyback authorization (38M shares remaining) with a new one for up to 100M shares. The current float is 855M shares.

Like the other CCAR banks, Fifth Third awaits a the results of the Fed stress test and the approval/disapproval of future capital distributions - both of which should be coming this month.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs