PNC Declares Dividend of $1.60 on Common Stock

Rhea-AI Summary

PNC Financial Services Group (NYSE: PNC) has announced its quarterly dividend declarations. The company will pay a quarterly cash dividend of $1.60 per share on common stock, payable May 5, 2025, to shareholders of record as of April 16, 2025.

Additionally, PNC declared dividends on multiple series of preferred stocks:

• Series B: Quarterly dividend of $0.45 per share
• Series S: Semi-annual dividend of $2,500.00 per share ($25.00 per depositary share)
• Series T: Quarterly dividend of $850.00 per share ($8.50 per depositary share)
• Series U: Quarterly dividend of $1,500.00 per share ($15.00 per depositary share)
• Series V: Quarterly dividend of $1,550.00 per share ($15.50 per depositary share)
• Series W: Quarterly dividend of $1,562.50 per share ($15.6250 per depositary share)

Positive

• Consistent dividend payment indicates strong financial health
• Diverse preferred stock offerings provide multiple investment options
• Maintains regular quarterly dividend schedule

Negative

• None.

PITTSBURGH, April 3, 2025 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.60 per share. The dividend will be payable May 5, 2025, to shareholders of record at the close of business April 16, 2025.

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, 2025, to shareholders of record at the close of business May 16, 2025.
• 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, 2025, to shareholders of record at the close of business April 16, 2025.
• 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, 2025, will be payable the next business day to shareholders of record at the close of business May 30, 2025.
• 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, 2025, to shareholders of record at the close of business April 30, 2025.
• 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, 2025, will be payable the next business day to shareholders of record at the close of business May 30, 2025.
• 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, 2025, will be payable the next business day to shareholders of record at the close of business May 30, 2025.

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:           
Kristen Pillitteri
(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 PNC's latest quarterly dividend payment for common stock shareholders?

PNC will pay $1.60 per share for common stock shareholders, with payment on May 5, 2025.

When is the record date for PNC's common stock dividend in Q2 2025?

The record date for PNC's common stock dividend is April 16, 2025.

What is the highest preferred stock dividend payment announced by PNC?

Series S preferred stock has the highest dividend at $2,500.00 per share ($25.00 per depositary share), paid semi-annually.

How many different preferred stock series are receiving dividends in PNC's announcement?

PNC announced dividends for six preferred stock series: B, S, T, U, V, and W.

What is the payment schedule for PNC's Series W preferred stock dividend?

Series W preferred stock dividend of $1,562.50 per share will be payable after June 15, 2025, to shareholders of record as of May 30, 2025.