PNC Declares Dividend of $1.60 on Common Stock

PITTSBURGH, Pa. – PNC Financial Services Group Inc. on Tuesday declared a quarterly cash dividend of $1.60 per share on common stock, an increase of 5 cents per share from the second-quarter dividend.

This dividend is payable Aug. 5 to shareholders of record at the close of business July 15.

The common stock trades on the New York Stock Exchange under the symbol PNC.

“The increase in our dividend reflects our continued financial strength and our board’s confidence in our strategy and outlook,” said William S. Demchack, chairman and CEO of PNC.

Additionally, the board declared a cash dividend on the following series of preferred stocks:

• Series B: A quarterly dividend of 45 cents per share payable Sept. 10 to shareholders of record at close of business Aug. 16.

• Series R: A quarterly dividend of $2,209.97 per share, ($22.0997 per each depositary share, 100 of which represent on share of Series R preferred stock) with payment date of Sept. 1, payable the next business day to shareholders of record at the close of business Aug. 16.

• Series T: A quarterly dividend of $850 per share, or $8.50 per depositary share, with payment date of Sept. 15 to shareholders of record Aug. 30.

• Series U: A quarterly dividend of $1,500 per share, or $15 per depositary share, with a payment date of Aug 15 to shareholders of record at the close of business July 31.

• Series V: A quarterly dividend of $1,550 per share, or $15.50 per depositary share, payable Sept. 15 to shareholders of record Aug. 30.

• Series W: A quarterly dividend of $1,562.50 per share, or $15.6250 per depositary share, with payment date of Sept. 15 for shareholders of record Aug. 30.

Published by The Business Journal, Youngstown, Ohio.