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On 6/27/24, Fifth Third Bancorp's 6.00% Non-Cumululative Perpetual Preferred (Symbol: FITBP) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 7/1/24. As a percentage of FITBP's recent share price of $23.36, this dividend works out to approximately 1.61%, so look for shares of FITBP to trade 1.61% lower — all else being equal — when FITBP shares open for trading on 6/27/24. On an annualized basis, the current yield is approximately 6.44%, which compares to an average yield of 6.67% in the "Financial" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of FITBP shares, versus FITB:

Below is a dividend history chart for FITBP, showing historical dividends prior to the most recent $0.375 on Fifth Third Bancorp's 6.00% Non-Cumululative Perpetual Preferred:

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In Wednesday trading, Fifth Third Bancorp's 6.00% Non-Cumululative Perpetual Preferred (Symbol: FITBP) is currently up about 0.3% on the day, while the common shares (Symbol: FITB) are off about 0.5%.

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