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Fifth Third Bancorp Message Board

  • bavacados bavacados Jan 22, 2013 12:57 PM Flag

    Dividend Increase!

    I'm surprised there were no news stories on this but way down in FITB's earnings release there was mention of a dividend increase...

    "Our plan for the covered period (second quarter of 2013 through the first quarter of 2014) included the possibility that we would increase our common dividend consistent with the FRB’s 30 percent payout ratio guidance"

    The Fed has to approve it though but it would take the current 22% payout ratio up to 30%. Not a shabby increase at all!

    "The Federal Reserve has indicated that it will issue its response on or before March 31, 2013."

    So we should know by then if and when it will happen.

    Something to keep an eye out for. :)

    Sentiment: Strong Buy

20.24-0.30(-1.46%)Sep 29 4:00 PMEDT