Key Developments: Fifth Third Bancorp (FITB.O)
18.25USD
24 May 2013
$0.15 (+0.83%)
$18.10
$18.06
$18.25
$18.01
5,606,171
8,630,954
$18.50
$12.04
Latest Key Developments (Source: Significant Developments)
Fifth Third Bancorp Increases Quarterly Cash Dividend on Common Stock; Increases Share Repurchase Authorization to 100 million shares
Fifth Third Bancorp announced that it has declared a cash dividend on its common shares of $0.11 for the first quarter of 2013. The dividend is payable on April 18, 2013 to shareholders of record as of March 29, 2013. This dividend is consistent with Fifth Third`s proposed potential dividends as submitted to the Federal Reserve in its 2012 Comprehensive Capital Analysis & Review (CCAR) plan for the CCAR process covering the period ending March 31, 2013. Fifth Third`s 2013 CCAR plan included the potential increase in the quarterly dividend to $0.12 per share in the second quarter of 2013 through the first quarter of 2014. Fifth Third also announced that its Board of Directors approved a new share repurchase authorization of up to 100 million shares, which replaces the previous authorization from 2012 under which approximately 54 million shares remain. Fifth Third`s capital plan included potential common share repurchases of up to $984 million through the first quarter of 2014, in addition to any incremental repurchases related to any after-tax gains from the sale of Vantiv, Inc. (Vantiv) stock. Full Article
Fifth Third Bancorp Announces Quarterly Cash Dividend on Series G Preferred Stock
Fifth Third Bancorp announced that on March 12, 2013, the board of directors declared a quarterly cash dividend on its 8.50% Non-Cumulative Perpetual Convertible Preferred Stock, Series, at the rate of $531.25 per share, which equates to approximately $2.125 for each depositary share. Each depositary share represents a 1/250th ownership interest in a share of Series G Preferred Stock. The Series G dividend is payable on April 1, 2013 to shareholders of record as of March 22, 2013. Full Article
Fifth Third Bancorp Announces Partnership With Chicago Auto Show
Fifth Third Bancorp announced that a new, exclusive partnership with the Chicago Automobile Trade Association (CATA), producer of the Chicago Auto Show. The partnership provides that Fifth Third Bank will enjoy: Grand Benefactor title of First Look for Charity , one of the city's premiere galas, Main distributor of the weekday half-off Auto Show discount coupons, Display of the #17 Fifth Third Bank Ford Fusion NASCAR racing car and onsite activation surrounding the bank's auto financing products and services. Full Article
Fifth Third Bancorp Announces Quarterly Cash Dividend
Fifth Third Bancorp announced that it declared a fourth quarter 2012 cash dividend on its common shares of $0.10. The cash dividend is payable on January 17, 2013 to shareholders of record as of December 31, 2012. Full Article
Fifth Third Bancorp Announces Quarterly Cash Dividend On Series G Preferred Stock
Fifth Third Bancorp announced that board of directors declared a quarterly cash dividend on its 8.50% Non-Cumulative Perpetual Convertible Preferred Stock, Series G at the rate of $531.25 per share, which equates to approximately $2.125 for each depositary share. Each depositary share represents a 1/250 th ownership interest in a share of Series G Preferred Stock. The Series G dividend is payable on December 31, 2012 to shareholders of record as of December 21, 2012. Full Article
Fifth Third Bancorp Appoints New President-Form 8-K
Fifth Third Bancorp reported in its Form 8-K that on September 21, 2012, Fifth Third Bancorp issued a press release announcing that Kevin T. Kabat had been appointed to the additional role of Vice Chairman and that Mr. Kabat would continue to serve as Chief Executive Officer (CEO). Additionally, Fifth Third announced that the Board of Directors appointed Greg D. Carmichael as President and Chief Operating Officer. Full Article
Fifth Third Bancorp Increases Quarterly Cash Dividend on Common Stock 25% to $0.10 Per Share
Fifth Third Bancorp announced that it 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 October 18, 2012 to shareholders of record as of September 28, 2012. Full Article
Fifth Third Bancorp Announces Quarterly Cash Dividend on Series G Preferred Stock
Fifth Third Bancorp announced that on September 11, 2012, the Board of Directors declared a quarterly cash dividend on its 8.50% Non-Cumulative Perpetual Convertible Preferred Stock, Series G, at the rate of $531.25 per share, which equates to approximately $2.125 for each depositary share. Each depositary share represents a 1/250th ownership interest in a share of Series G Preferred Stock. The Series G dividend is payable on October 1, 2012 to shareholders of record as of September 21, 2012. Full Article
Fifth Third Bancorp Announces Common Stock Repurchase Plans and Potential For Dividend Increase
Fifth Third Bancorp announced that it has increased the quarterly common stock dividend to $0.10 in the third quarter of 2012 and the potential repurchase of common shares. Fifth Third also announced that its Board of Directors approved a new share repurchase authorization of up to 100 million shares, which replaces the previous authorization from 2007 under which approximately 14 million shares remained. Fifth Third’s capital plan included potential common share repurchases of up to $600 million through the first quarter of 2013, in addition to any incremental repurchases related to any after-tax gains from the sale of Vantiv, Inc. (Vantiv) stock. Fifth Third expects to initiate share repurchases shortly by entering into a contract with a counterparty for the repurchase on its behalf of $350 million in value of common shares, subject to market conditions. Fifth Third’s Board is expected to consider the possibility of a dividend increase at its regularly scheduled meeting in September. Full Article
Fifth Third Bancorp Announces Quarterly Cash Dividend On Common Stock
Fifth Third Bancorp announced that it declared a second quarter 2012 cash dividend on its common shares of $0.08. The cash dividend is payable on July 19, 2012 to shareholders of record as of June 29, 2012. Full Article
BRIEF-Fifth Third shares up 4.4 pct premarket after results
NEW YORK, April 18 - Fifth Third Bancorp : * Shares up 4.4 percent in premarket trading after results
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