Fifth Third Bancorp's Preferred Stock, Series G Yield Pushes Past 5.5%
April 12, 2021 at 14:52 PM EDT
In trading on Monday, 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 $27.23 on the day. This compares to an average yield of 5.32% in the "Financial" preferred stock category, according to Preferred Stock Channel..