PNC Raises Common Dividend To $1.25 Per Share

Rhea-AI Summary

The PNC Financial Services Group has declared a quarterly cash dividend of $1.25 per share, a 9% increase from last quarter's $1.15. This dividend will be payable on Aug. 5, 2021, to shareholders on record by the close of business on July 16, 2021. Additionally, preferred stock dividends were announced, including 45 cents for Series B and $3,375.00 for Series O, both payable in August. The dividend pays reflect PNC's robust financial position and commitment to returning value to shareholders.

Positive

• Quarterly cash dividend increased to $1.25 per share, a 9% rise.
• Dividends for preferred stocks indicate strong financial health.

Negative

• None.

PITTSBURGH, July 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, an increase of $0.10 per share, or 9%, from the second quarter dividend of $1.15 per share. The dividend will be payable Aug. 5, 2021, to shareholders of record at the close of business July 16, 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 Sept. 10, 2021, to shareholders of record at the close of business Aug. 20, 2021.
• Series O: a semi-annual dividend of $3,375.00 per share ($33.75 per each depositary share, 100 of which represent one share of Series O preferred stock) with a payment date of Aug. 1, 2021, will be payable the next business day to shareholders of record at the close of business July 16, 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) with a payment date of Aug. 1, 2021, will be payable the next business day to shareholders of record at the close of business July 16, 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

 

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SOURCE The PNC Financial Services Group, Inc.

FAQ

What is the PNC stock dividend amount for Q3 2021?

PNC declared a quarterly cash dividend of $1.25 per share for Q3 2021.

When will the PNC dividend be paid?

The PNC dividend will be paid on August 5, 2021.

What is the record date for PNC's dividend payment?

The record date for PNC's dividend payment is July 16, 2021.

How much is the preferred dividend for Series B of PNC?

The preferred dividend for Series B is 45 cents per share.

When will PNC pay the preferred dividends?

Preferred dividends for PNC will be payable on September 10, 2021.