FITB-P-M Stock — Fifth Third Bancorp Depositary Shares Representing a 1/40th Ownership Interest in a Share of 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series M

Fifth Third Bancorp Depositary Shares Representing a 1/40th Ownership Interest in a Share of 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series M (FITB-P-M)

Updated October 16, 2026.

FITB-P-M is a Stock. its distribution rate is 5.12%, its trailing-12-month yield is 5.12%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 2.0% over the past 0.7 years, 8.6 points behind SPY at 10.6%.

This is a preferred stock issued by Fifth Third Bancorp, structured as depositary shares representing fractional ownership of a perpetual preferred security with a 6.875% fixed coupon subject to reset. The security features a fixed coupon rate that periodically adjusts, and preferred shares typically rank ahead of common equity in the capital structure but behind debt. This preferred stock may appeal to income-focused investors seeking higher yields than common stock with greater priority in bankruptcy, though preferred shares carry interest rate risk and lack the growth potential of equities.

FITB-P-M performance versus SPY

Price and return data through 2026-10-16.

Total return is 2.0% over the past 0.7 years, 8.6 points behind SPY at 10.6%.

FITB-P-M key facts

Distribution Safety Score™

50 · Unproven

Asset type

Stock

Asset class

Equity

Inception date

02/02/2026

Distribution rate

5.12%

Distribution frequency

Quarterly

Trailing yield

5.12%

Last close

$25.17 (as of 2026-10-16)

Average volume

55551.0

Payout ratio

0.0%

How Dividend Vision calculates yield and returns

Distribution rate (5.12%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (5.12%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FITB-P-M risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window.

Who may consider FITB-P-M — and who may not

FITB-P-M may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (FITB-P-M pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

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Tagged: Preferred Stock, Dividend.

Frequently asked questions