Fifth Third Stock To Go Ex-dividend Tomorrow (FITB)
The ex-dividend date for Fifth Third Bancorp (Nasdaq:FITB) is tomorrow, September 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $15.68 as of 9:30 a.m., the dividend yield is 2.6%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for Fifth Third Bancorp (Nasdaq: FITB) is tomorrow, September 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $15.68 as of 9:30 a.m. ET, the dividend yield is 2.6%. The average volume for Fifth Third has been 9.5 million shares per day over the past 30 days. Fifth Third has a market cap of $14.31 billion and is part of the financial sector and banking industry. Shares are up 22.4% 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 9.9, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Fifth Third as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. 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. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.