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FITBO Fifth Third Bancorp ADRs of Non-Cumulative Perpetual Preferred Stock, Series K

Commencing on September 17, 2019, dividends on the Series K Preferred Stock will accrue, on a non-cumulative basis, at an annual rate of 4.95%. Dividends on the liquidation preference of $25,000 per share of Series K Preferred Stock will be payable, when, as and if declared by our board of directors, quarterly in arrears on each of March 31, June 30, September 30, and December 31, beginning on December 31, 2019. Subject to obtaining all required regulatory approvals, at our option, from time to time, on any dividend payment date on or after September 30, 2024, we may redeem the Series K Preferred Stock and the related Depositary Shares, in whole or in part, at 100% of their liquidation preference, plus an amount equal to any declared and unpaid dividends, without accumulation of any undeclared dividends.  This security was issued by Fifth Third Bancorp, whose common stock symbol is FITB.

$21.36  +0.38 (1.81%)
As of 03/27/2023 10:14:57 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  10/02/2019
Outstanding shares:  10,000,000
Average volume:  23,893
Market cap:   $212,100,000
Current dividend yield:  5.83%    calculation
Coupon rate:    4.950%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   09/30/2024
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BKKBGL5

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