Fifth Third Bancorp gave shareholders a gift to kick off summer by boosting its dividend payment by nearly 13 percent.
Fifth Third (Nasdaq: FITB), the nation’s 13th-biggest bank, said it will pay shareholders a quarterly dividend of 18 cents per share July 16 to shareholders of record June 29. That’s a 12.5 percent increase from the 16 cents per share it paid in the prior quarter.
The increase puts Fifth Third’s dividend yield at 2.3 percent.
