Fifth Third Bancorp 6.625% Fixed to Floating Non Cumulative Perpetual Preferred Stock

By: ,

S&P Rating   BBB-   Moodys Rating   Ba1

Security Ticker Symbol   FITBI

Market Traded ON   NASDAQ

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Dividend Payment Paid on the last day of March, June, September and December beginning on 03/31/2014

Quarterly Dividend   .415   Annual Dividend   1.656

Dividends after 12/31/2023 will be 3 month libor plus 3.71%

Securities may be redeemed, at the issuers option, as early as 12/31/2023 for a redemption price of $25/share plus accrued dividends

Dividend Payment Will Likely be a Qualified Distribution

Maturity Date   None

 

Company Investor Relations Page for Fifth Third Bancorp

Below you can find the offering Prospectus and Final Pricing Document

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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