PNC Raises Cash Dividend to 95 Cents
PITTSBURGH – PNC Financial Services Group announced today that its board of directors declared a quarterly cash dividend of 95 cents per common share.
This is an increase of
“The significant increase to our dividend is a result of PNC’s consistent performance, strong capital levels and our board’s confidence in our business model as a
The dividend is payable Aug. 5 to shareholders of record July 17.
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 Sept.10 to shareholders of record Aug. 17. - Series O: a semi-annual dividend of
$3,375 per share ($33.75 per each depositary share, 100 of which represent one share of Series O preferred stock) payable Aug.1 to shareholders of record July17 . - 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 Aug.1 to shareholders of record July17 . - 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 Sept.1 to shareholders of record Aug.17 .
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