PNC Declares Dividend Of $1.15 On Common Stock

Rhea-AI Summary

The PNC Financial Services Group has declared a quarterly cash dividend of $1.15 per share on its common stock, payable on Feb. 5, 2021, to shareholders of record as of Jan. 19, 2021. Additionally, the board announced dividends on preferred stocks: Series B at 45 cents per share payable on March 10, 2021, Series O at $3,375.00 per share payable on Feb. 1, 2021, and Series P at $1,531.25 per share, also payable on Feb. 1, 2021.

Positive

• Quarterly cash dividend of $1.15 per share on common stock indicates strong shareholder returns.
• Dividends on preferred stocks demonstrate commitment to preferred shareholders and financial stability.

Negative

• None.

News Market Reaction – PNC

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-0.53% Session move

In the trading session that priced this news, PNC declined 0.53%, reflecting a mild negative market reaction.

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PITTSBURGH, Jan. 5, 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 $1.15 per share. The dividend will be payable Feb. 5, 2021, to shareholders of record at the close of business Jan. 19, 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 March 10, 2021, to shareholders of record at the close of business Feb. 12, 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) will be payable Feb. 1, 2021 to shareholders of record at the close of business Jan. 19, 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) will be payable Feb. 1, 2021 to shareholders of record at the close of business Jan. 19, 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 PNC Financial Services Group

FAQ

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

PNC declared a quarterly cash dividend of $1.15 per share on common stock.

When will the common stock dividend be paid?

The common stock dividend will be payable on February 5, 2021.

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

The record date for PNC's common stock dividend is January 19, 2021.

What are the dividend details for PNC's preferred stock Series B?

Series B will receive a quarterly dividend of 45 cents per share, payable on March 10, 2021.

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

Series O will receive a semi-annual dividend of $3,375.00 per share, payable on February 1, 2021.

What are the details of PNC's preferred stock Series P dividend?

Series P will receive a quarterly dividend of $1,531.25 per share, payable on February 1, 2021.