PNC DECLARES DIVIDEND OF $1.50 ON COMMON STOCK

Rhea-AI Summary

The PNC Financial Services Group, Inc. (NYSE: PNC) has declared a quarterly cash dividend of $1.50 per share on its common stock, payable on Feb. 5, 2023, to shareholders recorded by Jan. 17, 2023.

Additionally, dividends for preferred stocks include:

• Series B: $0.45 on March 10, 2023.
• Series O: $2,074.49 on Feb. 1, 2023.
• Series T: $850.00 on March 15, 2023.
• Series U: $1,500.00 on Feb. 15, 2023.
• Series V: $1,550.00 on March 15, 2023.

Positive

• Quarterly cash dividend of $1.50 per share on common stock indicates confidence in financial stability.
• Total dividends declared on preferred stocks demonstrate commitment to shareholder returns.

Negative

• None.

PITTSBURGH, Jan. 4, 2023 /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, with a payment date of Feb. 5, 2023, will be payable the next business day to shareholders of record at the close of business Jan. 17, 2023.

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 March 10, 2023, to shareholders of record at the close of business Feb. 17, 2023.
• Series O: a quarterly dividend of $2,074.49 per share ($20.7449 per each depositary share, 100 of which represent one share of Series O preferred stock) at a quarterly rate of 2.07449% will be payable Feb. 1, 2023, to shareholders of record at the close of business Jan. 17, 2023.
• 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 March 15, 2023, to shareholders of record at the close of business Feb. 28, 2023.
• Series U: a quarterly dividend of $1,500.00 per share ($15.00 per each depositary share, 100 of which represent one share of Series U preferred stock) will be payable Feb. 15, 2023, to shareholders of record at the close of business Jan. 31, 2023.
• Series V: a quarterly dividend of $1,550.00 per share ($15.50 per each depositary share, 100 of which represent one share of Series V preferred stock) will be payable March 15, 2023, to shareholders of record at the close of business Feb. 28, 2023.

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:
Tim Miller
(412) 762-4550
media.relations@pnc.com 

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

 

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SOURCE The PNC Financial Services Group, Inc.

FAQ

What is the dividend amount declared by PNC on common stock?

PNC declared a quarterly cash dividend of $1.50 per share on its common stock.

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

The payment date for PNC's common stock dividend is February 5, 2023.

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

Dividends for preferred stocks include Series B ($0.45 on March 10, 2023), Series O ($2,074.49 on Feb. 1, 2023), Series T ($850.00 on March 15, 2023), Series U ($1,500.00 on Feb. 15, 2023), and Series V ($1,550.00 on March 15, 2023).

Who are the shareholders of record for PNC's dividends?

Shareholders of record for PNC's dividends are those recorded by January 17, 2023.

How does PNC's dividend declaration impact investors?

PNC's dividend declaration signals financial health and commitment to returning value to investors.