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Fifth Third Bancorp Announces Cash Dividend for MB Financial Series C Preferred Stock

By Business Wire,  April 24, 2019, 05:36:00 PM EDT


CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bancorp (Nasdaq:FITB) announced today that the Board of Directors of its wholly-owned subsidiary, MB Financial, Inc. (the "Company"), has declared a quarterly cash dividend on the Company's 6.00% Non-Cumulative Perpetual Preferred Stock, Series C ("Series C Preferred Stock"). This dividend equals $0.375 per depositary share, each depositary share representing a 1/40th interest in a share of Series C Preferred Stock, and is payable on May 28, 2019 to holders of record as of May 13, 2019.

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of March 31, 2019, the Company had $168 billion in assets and operates 1,207 full-service Banking Centers, and 2,559 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to approximately 52,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2019, had $394 billion in assets under care, of which it managed $44 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB."

View source version on businesswire.com: https://www.businesswire.com/news/home/20190424006133/en/

Source: Fifth Third Bancorp



This article appears in: News Headlines

Referenced Stocks: FITB










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