By Denny Jacob
Fifth Third Bancorp raised the dividend on its common shares by 6.1% to 35 cents a share from 33 cents.
The new payout, equal to $1.40 a year, represents an annual yield of about 5.3% based on Monday’s closing price of $26.53.
The bank’s dividend is payable on Oct. 16 to shareholders of record as of Sept. 30.
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