PNC Declares Dividend of $1.55 on Common Stock

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The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend of $1.55 per share on common stock, along with dividends on various series of preferred stocks. The dividend payout dates range from May to June 2024, benefiting shareholders.

PITTSBURGH, April 3, 2024 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.55 per share. The dividend, with a payment date of May 5, 2024, will be payable the next business day to shareholders of record at the close of business April 15, 2024.

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 June 10, 2024, to shareholders of record at the close of business May 17, 2024.
• Series R: a quarterly dividend of $2,208.73 per share ($22.0873 per each depositary share, 100 of which represent one share of Series R preferred stock) at a quarterly rate of 2.20873%, with a payment date of June 1, 2024, will be payable the next business day to shareholders of record at the close of business May 17, 2024.
• 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 May 1, 2024, to shareholders of record at the close of business April 15, 2024.
• 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) with a payment date of June 15, 2024, will be payable the next business day to shareholders of record at the close of business May 31, 2024.
• 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 May 15, 2024, to shareholders of record at the close of business April 30, 2024.
• 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) with a payment date of June 15, 2024, will be payable the next business day to shareholders of record at the close of business May 31, 2024.
• Series W: a quarterly dividend of $1,562.50 per share ($15.6250 per each depositary share, 100 of which represent one share of Series W preferred stock) with a payment date of June 15, 2024, will be payable the next business day to shareholders of record at the close of business May 31, 2024.

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:   
Timothy 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 per share for common stock by PNC?

The dividend declared for common stock by PNC is $1.55 per share.

When is the payment date for the declared dividend on common stock by PNC?

The payment date for the declared dividend on common stock by PNC is May 5, 2024.

What is the dividend amount declared per share for Series R preferred stock by PNC?

The dividend declared for Series R preferred stock by PNC is $2,208.73 per share ($22.0873 per each depositary share).

When is the payment date for the declared dividend on Series R preferred stock by PNC?

The payment date for the declared dividend on Series R preferred stock by PNC is June 1, 2024.

What is the dividend amount declared per share for Series S preferred stock by PNC?

The dividend declared for Series S preferred stock by PNC is $2,500.00 per share ($25.00 per each depositary share).

When is the payment date for the declared dividend on Series S preferred stock by PNC?

The payment date for the declared dividend on Series S preferred stock by PNC is May 1, 2024.