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 cash dividend of $1.60 per share on common stock, payable on February 5, 2025, to shareholders of record as of January 15, 2025.

The board also declared quarterly dividends on several preferred stock series: Series B at $0.45 per share, Series T at $850.00 per share ($8.50 per depositary share), Series U at $1,500.00 per share ($15.00 per depositary share), Series V at $1,550.00 per share ($15.50 per depositary share), and Series W at $1,562.50 per share ($15.6250 per depositary share). Each series has specific payment dates and record dates in the first quarter of 2025.

Positive

• Maintained quarterly dividend of $1.60 per share on common stock
• Consistent dividend payments across all preferred stock series
• Demonstrates financial stability and commitment to shareholder returns

Negative

• None.

News Market Reaction

+2.22%

1 alert

+2.22% News Effect

On the day this news was published, PNC gained 2.22%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

PITTSBURGH, Jan. 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 Feb. 5, 2025, to shareholders of record at the close of business Jan. 15, 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 March 10, 2025, to shareholders of record at the close of business Feb. 14, 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 March 15, 2025, will be payable the next business day to shareholders of record at the close of business Feb. 28, 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) with a payment date of Feb. 15, 2025, will be payable the next business day to shareholders of record at the close of business Jan. 31, 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 March 15, 2025, will be payable the next business day to shareholders of record at the close of business Feb. 28, 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 March 15, 2025, will be payable the next business day to shareholders of record at the close of business Feb. 28, 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

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

PNC's next dividend payment for common stock shareholders is scheduled for February 5, 2025.

What is the record date for PNC's Q1 2025 common stock dividend?

The record date for PNC's Q1 2025 common stock dividend is January 15, 2025.

How much is PNC's quarterly dividend per share for common stock in 2025?

PNC's quarterly dividend for common stock is $1.60 per share.

What are the dividend rates for PNC's preferred stock series?

PNC's preferred stock dividend rates are: Series B ($0.45/share), Series T ($850.00/share), Series U ($1,500.00/share), Series V ($1,550.00/share), and Series W ($1,562.50/share).

When will PNC Series V preferred shareholders receive their dividend?

PNC Series V preferred shareholders will receive their dividend on March 15, 2025, for shareholders of record as of February 28, 2025.