Fifth Third Bancorp (FITB) To Go Ex-Dividend on December 31st

by · The Markets Daily

Fifth Third Bancorp (NASDAQ:FITB – Get Free Report) announced a quarterly dividend on Monday, December 8th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.40 per share by the financial services provider on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, December 31st.

Fifth Third Bancorp has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 14 years. Fifth Third Bancorp has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Fifth Third Bancorp to earn $4.11 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 38.9%.

Fifth Third Bancorp Trading Up 0.4%

Shares of FITB stock opened at $48.41 on Monday. Fifth Third Bancorp has a fifty-two week low of $32.25 and a fifty-two week high of $48.71. The stock’s fifty day moving average price is $44.15 and its two-hundred day moving average price is $43.47. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $32.00 billion, a PE ratio of 14.45, a P/E/G ratio of 0.98 and a beta of 0.99.

Fifth Third Bancorp (NASDAQ:FITB – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.91 earnings per share for the quarter. Fifth Third Bancorp had a return on equity of 13.41% and a net margin of 18.67%.The business had revenue of $3.82 billion during the quarter. Equities analysts predict that Fifth Third Bancorp will post 3.68 EPS for the current fiscal year.

Fifth Third Bancorp Company Profile

(Get Free Report)

Fifth Third Bancorp is a Cincinnati, Ohio–based bank holding company whose primary banking subsidiary operates as Fifth Third Bank. The company provides a broad range of financial services to individual consumers, small businesses, middle-market companies and large corporations. Its business mix includes retail and commercial banking, lending, payment and card services, treasury and cash management, and wealth management and investment advisory services delivered through a combination of branch locations, commercial offices and digital platforms.

On the consumer side, Fifth Third offers deposit accounts, consumer loans, mortgages, auto financing and credit card products, along with digital banking and mobile services.

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