PNC Declares Dividend of $1.60 on Common Stock
PNC Financial Services Group (NYSE: PNC) has announced its quarterly dividend declarations.
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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.
Details
News Market Reaction – PNC
The recorded move for PNC in the trading session of this news was +2.22%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
per share ($850.00 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.$8.50 - Series U: a quarterly dividend of
per share ($1,500.00 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.$15.00 - Series V: a quarterly dividend of
per share ($1,550.00 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.$15.50 - Series W: a quarterly dividend of
per share ($1,562.50 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.$15.6250
The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in
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.
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