PNC Raises Common Stock Dividend to $1.70 Per Share

PITTSBURGH, Pa. – PNC Financial Services Group Inc. common stock dividend increased by $0.10 per share or 6% from the second quarter dividend.

The PNC board of directors announced the dividend on Thursday, payable Aug. 5 to shareholders of record at the close of business July 15.

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

The board also declared quarterly dividends for several preferred stocks as follows:

· Series B: 45 cents per share payable Sept. 10 to shareholders of record at close of business Aug. 15.

· Series T: $850 per share ($8.50 per depositary share, 100 of which represent one share of Series T preferred stock) payable Sept. 15 to shareholders at the close of Aug. 29.

· Series U: $1,500 per share ($15 per depositary share) payable Aug. 15 to shareholders at close of July 31.

· Series V: $1,550 per share ($15.50 per depositary share) payable Sept. 15 to shareholders at close of Aug. 29.

· Series W: $1,562 per share ($15.625 per depositary share) payable Sept. 15 to shareholders at close of Aug. 29.