Fifth Third Bancorp board declares dividends

AP News
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Posted: Dec 22, 2009 3:56 PM

Fifth Third Bancorp said Dec. 15 its board of directors declared a 1-cent quarterly dividend on its common stock.

The dividend is payable Jan. 21 to shareholders of record as of Dec. 31.

The company also declared cash dividend on its 8.5 percent non-cumulative perpetual convertible preferred stock, Series G, at the rate of $531.25 per share. That equates to about $2.125 for each depository share, which represents a 1/250th ownership interest in a share of Series G preferred stock. The Series G dividend is payable Dec. 31 to shareholders of record as of Dec. 24.

The company also declared a cash dividend on its fixed-rate cumulative perpetual preferred stock, Series F, at the rate of $312.50 per share. That dividend is payable Dec. 31 to shareholders of record as of Dec. 15.