PNC Raises Common Stock Dividend To $1.70 Per Share

Rhea-AI Summary

PNC Financial Services (NYSE: PNC) announced a quarterly dividend increase on its common stock to $1.70 per share, representing a 6% increase from the previous $1.60 per share. The dividend will be paid on August 5, 2025, to shareholders of record as of July 15, 2025.

The company also declared quarterly dividends on multiple series of preferred stocks, with Series B at $0.45 per share, Series T at $850.00 per share, Series U at $1,500.00 per share, Series V at $1,550.00 per share, and Series W at $1,562.50 per share. PNC's Chairman and CEO William S. Demchak highlighted that the dividend increase reflects the company's strong financial position and confidence in its strategy.

Positive

• Dividend increased by 6% to $1.70 per share
• Management expresses confidence in company's financial strength and strategy
• Consistent dividend payment schedule maintained across all stock series

Negative

• None.

News Market Reaction

+0.44%

1 alert

+0.44% News Effect

On the day this news was published, PNC gained 0.44%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

PITTSBURGH, July 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 $1.70 per share, an increase of $0.10 cents per share, or 6%, from the second quarter dividend of $1.60 per share. The dividend will be payable Aug. 5, 2025, to shareholders of record at the close of business July 15, 2025.

"The increase in our dividend reflects our continued financial strength and our board's confidence in our strategy and outlook," said William S. Demchak, PNC chairman and chief executive officer.

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, 2025, to shareholders of record at the close of business Aug. 15, 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) will be payable Sept. 15, 2025, to shareholders of record at the close of business Aug. 29, 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 Aug. 15, 2025, to shareholders of record at the close of business July 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) will be payable Sept. 15, 2025, to shareholders of record at the close of business Aug. 29, 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) will be payable Sept. 15, 2025, to shareholders of record at the close of business Aug. 29, 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 new dividend amount for Q3 2025?

PNC's new quarterly dividend is $1.70 per share, representing a $0.10 increase from the previous quarter.

When will PNC (NYSE: PNC) pay its next common stock dividend?

PNC will pay its common stock dividend on August 5, 2025 to shareholders of record as of July 15, 2025.

How much did PNC increase its dividend in July 2025?

PNC increased its quarterly dividend by $0.10 per share, or 6%, from $1.60 to $1.70 per share.

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

PNC's preferred stock dividends will be paid on various dates: Series B on Sept. 10, Series T and V on Sept. 15, Series U on Aug. 15, and Series W on Sept. 15, 2025.

What did PNC's CEO say about the dividend increase?

CEO William S. Demchak stated that the dividend increase reflects PNC's continued financial strength and the board's confidence in their strategy and outlook.