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

NEW YORK ( TheStreet) -- The ex-dividend date for Fifth Third Bancorp (Nasdaq: FITB) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $12.80 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for Fifth Third has been 12.3 million shares per day over the past 30 days. Fifth Third has a market cap of $12.2 billion and is part of the financial sector and banking industry. Shares are up 4.3% 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 8.7, equal to the average banking industry P/E ratio 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 revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Fifth Third Ratings Report.

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