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

NEW YORK ( TheStreet) -- The ex-dividend date for Fifth Third Bancorp (Nasdaq: FITB) is tomorrow, December 27, 2013. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $21.12 as of 9:50 a.m. ET, the dividend yield is 2.3%.

The average volume for Fifth Third has been 7.4 million shares per day over the past 30 days. Fifth Third has a market cap of $18.52 billion and is part of the financial sector and banking industry. Shares are up 38% year to date as of the close of trading on Tuesday.

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors.

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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 solid stock price performance, impressive record of earnings per share growth, expanding profit margins, good cash flow from operations and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Fifth Third Ratings Report.

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