PNC DECLARES DIVIDEND OF $1.50 ON COMMON STOCK

Rhea-AI Summary

The PNC Financial Services Group, Inc. declared a quarterly cash dividend of $1.50 per share on its common stock, payable on August 5, 2022, to shareholders of record by July 13, 2022. Additionally, dividends for preferred stocks were announced, including 45 cents for Series B, $1,268.58 for Series O, $1,368.12 for Series P, $850.00 for Series T, and $1,816.67 for Series U. Payment dates span from August 1 to September 15, 2022.

Positive

• Regular cash dividends reflect strong income for shareholders.
• Confidence in sustaining dividend payments, indicating financial health.

Negative

• None.

PITTSBURGH, July 1, 2022 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.50 per share. The dividend will be payable Aug. 5, 2022, to shareholders of record at the close of business July 13, 2022.

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

• Series B: a quarterly dividend of 45 cents per share, with a payment date of Sept. 10, 2022, will be payable the next business day to shareholders of record at the close of business Aug. 19, 2022.
• Series O: a quarterly dividend of $1,268.58 per share ($12.6858 per each depositary share, 100 of which represent one share of Series O preferred stock) at a quarterly rate of 1.26858% will be payable Aug. 1, 2022, to shareholders of record at the close of business July 13, 2022.
• Series P: a quarterly dividend of $1,368.12 per share ($0.34203 per each depositary share, 4,000 of which represent one share of Series P preferred stock) at a quarterly rate of 1.36812% will be payable Aug. 1, 2022, to shareholders of record at the close of business July 13, 2022.
• Series T: a quarterly dividend of $850.00 per share ($8.50 per each depositary share, 100 of which represent one share of Series T preferred stock) will be payable Sept. 15, 2022, to shareholders of record at the close of business Aug. 31, 2022.
• Series U: a quarterly dividend of $1,816.67 per share ($18.1667 per each depositary share, 100 of which represent one share of Series U preferred stock) will be payable Aug. 15, 2022, to shareholders of record at the close of business Aug. 1, 2022.

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

 

 

 

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SOURCE PNC Financial Services Group

FAQ

What is PNC's common stock dividend for Q3 2022?

PNC declared a common stock dividend of $1.50 per share for Q3 2022.

When is the payment date for PNC's common stock dividend?

The payment date for PNC's common stock dividend is August 5, 2022.

When is the record date for PNC's common stock dividend?

The record date for PNC's common stock dividend is July 13, 2022.

What are the preferred stock dividends declared by PNC?

PNC declared various preferred stock dividends including $1,268.58 for Series O and $1,368.12 for Series P.

When will the preferred Series B dividend be paid?

The Series B preferred stock dividend will be paid on September 10, 2022.