The 5th 3rd Preferred Dividend

Fifth Third Bancorp Announces Cash Dividends

Excerpt:

Fifth Third also declared a cash dividend on its 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I (Nasdaq: FITBI), at the rate of $414.06 per preferred share, which equates to approximately $0.41406 for each depositary share. Each depositary share represents a 1/1000th ownership interest in a share of Series I Preferred Stock. The Series I dividend is payable on March 31, 2017 to shareholders of record as of March 29, 2017.

Comment: Buy 100 shares today ... get $ 41.40 next Friday. 5.71% yield. Preferred stock tracts like a bond so as interest rates rise, the stock will decline. Image snaps from ...