Fifth Third Stock To Go Ex-dividend Tomorrow (FITB)

NEW YORK ( TheStreet) -- The ex-dividend date for Fifth Third Bancorp (Nasdaq: FITB) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $14.26 as of 9:30 a.m. ET, the dividend yield is 2.3%.

The average volume for Fifth Third has been 13.6 million shares per day over the past 30 days. Fifth Third has a market cap of $12.35 billion and is part of the financial sector and banking industry. Shares are up 12.4% year to date as of the close of trading on Monday.

Fifth Third Bancorp operates as a diversified financial services holding company in the United States. The company has a P/E ratio of 12, above the average banking industry P/E ratio of 11.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Fifth Third as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, growth in earnings per share, attractive valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Fifth Third Ratings Report.

See our dividend calendar or top-yielding stocks list.
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