Fifth Third Bancorp's Preferred Stock, Series G Crosses Above 5.5% Yield Territory

In trading on Thursday, shares of Fifth Third Bancorp's 8.50% Non-Cumulative Perpetual Convertible Preferred Stock, Series G (FITBP) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.50), with shares changing hands as low as $27.10 on the day. This compares to an average yield of 5.04% in the "Financial" preferred stock category, according to Preferred Stock Channel..
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