September 13^th, 2023

For the eighth consecutive year, Fifth Third Bancorp has increased its dividend to shareholders. Cincinnati’s largest locally owned bank raised the quarterly payment by 2 cents to 35 cents per share. That’s an increase of 6%, the smallest dividend increase since the streak began. Our Jim Russell spoke reporter Steve Watkins at the Cincinnati Business Courier about the announcement:

“The 6% increase, while smaller than the increases in recent history, is an expression that management has positioned the franchise to meet and exceed recent enhanced capital requirements imposed on regional banks. Additionally, the credit profile of Fifth Third remains strong through the second quarter of 2023. (The) dividend increase suggests this will remain the case over the foreseeable future.”

Jim Russell, CFA
Portfolio Manager
jrussell@bahl-gaynor.com

See the entire article HERE