Dividend Growth of Fifth Third Bancorp(FITB)

Fifth Third Bancorp(FITB) is having a Dividend Yield of 2.03% with the Annual cash Dividend per share of $0.53. The last quarter cash dividend per share pay out was $0.14. Fifth Third Bancorp has a 5 year average dividend yield of 2.55% and the stock has a Indicated annual dividend of $0.56. Fifth Third Bancorp(FITB) formally announced its most recent dividend on December 21, 2016 with a Dividend per share of $0.14. The new indicated annual dividend based on announced dividend per share is $0.56. The dividend yield based on the forward looking indicated annual dividend is 2.03%. Fifth Third Bancorp(FITB) has the most recent dividend payout ratio of 0.29 with a 5-year average payout ratio of 0.29. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.01. The 5 year historical dividend growth of Fifth Third Bancorp(FITB) is at the rate of 9.44% while the R-Squared dividend growth is 0.7. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Fifth Third Bancorp (NASDAQ:FITB) rose 0.15% or 0.04 points on Thursday and made its way into the gainers of the day. After trading began at $27.54 the stock was seen hitting $27.67 as a peak level and $27.42 as the lowest level. The stock ended up at $27.6. The daily volume was measured at 6,024,698 shares. The 52-week high of the share price is $27.875 and the 52-week low is $14.56. The company has a market cap of $20,713 million. Shares of Fifth Third Bancorp rose by 5.54% in the last five trading days and 4.82% for the last 4 weeks. Fifth Third Bancorp is up 8.06% in the last 3-month period. Year-to-Date the stock performance stands at 2.34%.

Currently the company Insiders own 0.99% of Fifth Third Bancorp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.71% . Institutional Investors own 81.97% of Fifth Third Bancorp shares. During last six month period, the net percent change held by insiders has seen a change of -12.33%. Company has reported several Insider transactions to the SEC, on Feb 14, 2017, Greg D Carmichael (President & CEO) purchased 50 shares at 9.32 per share price.On Nov 28, 2016, Timothy Spence (EVP & CSO) sold 4,000 shares at 26.21 per share price.On Nov 28, 2016, Philip Mchugh (Executive Vice President) sold 18,619 shares at 26.28 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Fifth Third Bancorp was Reiterated by Wedbush on Jan 25, 2017 to Neutral, Lowers Price Target to $ 26 from a previous price target of $27 .Fifth Third Bancorp was Downgraded by Macquarie to Neutral on Jan 25, 2017. Fifth Third Bancorp was Resumed by UBS on Jan 11, 2017 to Sell, Price Target of the shares are set at $25.Company shares were Reiterated by Barclays on Jan 3, 2017 to Equal Weight, Raises Price Target to $ 29 from a previous price target of $22 .Company shares were Reiterated by Wedbush on Nov 30, 2016 to Neutral, Raises Price Target to $ 26 from a previous price target of $25 .

Fifth Third Bancorp Last issued its quarterly earnings results on Jan 24, 2017. The company reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.44.Analysts expectations of $ 1539.59.During the same quarter in the previous year, the company posted $0.79 EPS.

Fifth Third Bancorp is a registered financial holding company and a multi-bank holding company. They engage primarily in commercial, retail and trust banking, data processing services, investment advisory services and leasing activities. In addition, the company provides credit life, accident, health and mortgage insurance, discount brokerage services and property management for its properties.

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