Fifth Third Bancorp (NASDAQ:FITB) Reports Dividend Payout Of $0.13


Fifth Third Bancorp (NASDAQ:FITB) latest PR states that its will give cash payout of $0.13 per share. For this payment, the record date is 2016-06-30, the payment date is 2016-07-15, and the ex-dividend date is 2016-06-28. This news was issued on 2016-06-22.

Shareholders of Fifth Third Bancorp (NASDAQ:FITB) will have to keep holdings till the ex-dividend date to be qualified for dividend. In last year the enterprise paid dividend of $0.13 per share against the payout of $0.13 a share in the equivalent period, entailing a variance of 1.9608 percent.

The experts are predicting EPS of $0.43. Fifth Third Bancorp (NASDAQ:FITB) has a price target of $19.833, which is the average price of the opinions given by 15 analysts. These professionals have placed the wide target range of $17 to $22.5 for the next year. Following this, the standard deviation is $1.345 after discounting for all the price estimates.

It can be described as the deviation between the bullish and bearish equity price target as specified by market analysts. For the period closed on 2015-12-31, Fifth Third Bancorp (NASDAQ:FITB) reported EPS of $0.4. The firm can post financial figures for the quarter closing on 2016-09-30 on or around 2016-10-18.

A dividend is a dispersal of a portion of a firm’s earnings, fixed by the board of directors, for a class of its shareholders. As a matter of fact, dividends can be released as cash payments, or as equities.

The dividend distribution rate may be quoted in respect of the dollar each share receives. It can even be citied in terms of a percent of the existing market price, which is mentioned as the dividend yield.

A company’s net earnings can be allocated to shareholders through a dividend, or held in reserve within the firm as retained earnings. A firm may also pick to use net incomes to repurchase own shares in the open market using share buyback.

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