Fifth Third Bancorp's Preferred Stock, Series I Shares Cross 7.5% Yield Mark

Fifth Third Bancorp's Series I preferred stock (FITB.PRI) was yielding above 7.5% on Monday based on an annualized dividend of $1.9392, with shares trading as low as $25.72. The piece is largely a pricing/yield update rather than a new fundamental development, highlighting income appeal and current market valuation.

Analysis

Fifth Third Bancorp's Series I preferred stock (FITB.PRI) was yielding above 7.5% on Monday based on an annualized dividend of $1.9392, with shares trading as low as $25.72. The piece is largely a pricing/yield update rather than a new fundamental development, highlighting income appeal and current market valuation.