PNC Declares Cash Dividend of 75 Cents
PITTSBURGH – PNC Financial Services Group announced today that its board of directors declared a quarterly cash dividend of 75 cents per common share.
The dividend is payable May 5 to shareholders of record April 16.
PNC reported a fourth-quarter net income of $2.091 billion, or $4.18 per diluted common share, and full-year 2017 net income of $5.388 billion, or $10.36 per diluted share.
The board also declared a cash dividend on the following series of preferred stocks:
- Series B: a quarterly dividend of
45 cents per share payable June10 to shareholders of record May 18. - Series P: a quarterly dividend of
$1,531.25 per share ($.3828125 per each depositary share, 4,000 of which represent one share of Series P preferred stock) payable May1 to shareholders of record April16 . - Series Q: a quarterly dividend of
$1,343.75 per share ($.3359375 per each depositary share, 4,000 of which represent one share of Series Q preferred stock) payable June1 to shareholders of record May17 . - Series R: a semi-annual dividend of
$2,425 per share ($24.25 per each depositary share, 100 of which represent one share of Series R preferred stock) payableJune 1 to shareholders of record May17 . - Series S: a semi-annual dividend of
$2,500 per share ($25 per each depositary share, 100 of which represent one share of Series S preferred stock) payable May1 to shareholders of record April16 .
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