PNC Declares Dividend Of $1.25 On Common Stock

Rhea-AI Summary

The PNC Financial Services Group has declared a quarterly cash dividend of $1.25 per share on its common stock, payable on Nov. 5, 2021, to shareholders of record by Oct. 15, 2021. Additionally, dividends on preferred stocks include 45 cents for Series B payable on Dec. 10, 2021, and various amounts for Series O, P, R, S, and T, payable between Nov. 1, 2021, and Dec. 15, 2021. The company continues to provide strong financial services across various sectors.

Positive

• Quarterly dividend of $1.25 per share on common stock.
• Consistent dividend payments on preferred stocks demonstrate financial stability.

Negative

• None.

PITTSBURGH, Oct. 1, 2021 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.25 per share. The dividend will be payable Nov. 5, 2021, to shareholders of record at the close of business Oct. 15, 2021.

The board also declared a cash dividend on the following series of preferred stocks:

• Series B: a quarterly dividend of 45 cents per share will be payable Dec. 10, 2021, to shareholders of record at the close of business Nov. 19, 2021.
• Series O: a quarterly dividend of $972.07 per share ($9.7207 per each depositary share, 100 of which represent one share of Series O preferred stock) at a quarterly rate of 0.97207%, will be payable Nov. 1, 2021, to shareholders of record at the close of business Oct. 15, 2021.
• 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) will be payable Nov. 1, 2021, to shareholders of record at the close of business Oct. 15, 2021.
• Series R: a semi-annual dividend of $2,425.00 per share ($24.25 per each depositary share, 100 of which represent one share of Series R preferred stock) will be payable Dec. 1, 2021, to shareholders of record at the close of business Nov. 16, 2021.
• Series S: a semi-annual dividend of $2,500.00 per share ($25.00 per each depositary share, 100 of which represent one share of Series S preferred stock) will be payable Nov. 1, 2021, to shareholders of record at the close of business Oct. 15, 2021.
• Series T: a quarterly dividend of $868.89 per share ($8.6889 per each depositary share, 100 of which represent one share of Series T preferred stock) will be payable Dec. 15, 2021, to shareholders of record at the close of business Nov. 30, 2021.

The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

CONTACTS:

MEDIA:  
Marcey Zwiebel
(412) 762-4550
media.relations@pnc.com 

INVESTORS:
Bryan Gill
(412) 768-4143
investor.relations@pnc.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/pnc-declares-dividend-of-1-25-on-common-stock-301389980.html

SOURCE The PNC Financial Services Group, Inc.

FAQ

What is the amount of the PNC common stock dividend?

The common stock dividend declared by PNC is $1.25 per share.

When will the PNC dividend be paid?

The common stock dividend will be payable on Nov. 5, 2021.

What are the records dates for PNC's dividends?

The record date for the common stock dividend is Oct. 15, 2021.

What are the dividend amounts for PNC's preferred stocks?

Preferred stock dividends include $0.45 for Series B, $972.07 for Series O, $1,531.25 for Series P, $2,425 for Series R, $2,500 for Series S, and $868.89 for Series T.

When are the preferred stock dividends payable?

Preferred stock dividends are payable between Nov. 1, 2021, and Dec. 15, 2021, depending on the series.