Fifth Third Announces Common Stock Repurchase Plans and Potential for Dividend Increase
Fifth Third Bancorp (NASDAQ: FITB) announced today that the Board of Governors of the Federal Reserve System ("the Federal Reserve") did not object to the proposed capital actions through March 31, 2013 (the "CCAR period") included in Fifth Third's capital plan submitted in June under the Comprehensive Capital & Analysis Review ("CCAR") process. The capital plan included the potential increase of the quarterly common stock dividend to $0.10 in the third quarter of 2012 and the potential repurchase of common shares.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.