PNC Raises Common Stock Dividend to $2.00 Per Share

Rhea-AI Summary

PNC (NYSE:PNC) raised its quarterly common stock dividend to $2.00 per share, up $0.30 or 18% from $1.70. The dividend is payable August 5, 2026, to shareholders of record on July 20, 2026.

PNC also declared 2026 dividends for preferred Series B, T, U, V, W and X, with specified per-share amounts and payment/record dates.

Positive

• Common stock quarterly dividend increased 18% to $2.00 per share
• Higher dividend of $0.30 per share versus prior $1.70 payment
• Common dividend payable August 5, 2026 to July 20, 2026 record holders
• Declared 2026 dividends on preferred Series B, T, U, V, W and X
• Preferred Series T–W pay $8.50–$15.625 per depositary share in 2026
• Preferred Series U and V dividends set at $1,500–$1,550 per preferred share

Negative

• None.

News Market Reaction – PNC

+1.48%

+1.48% Session close to close

In the Jul 6 session, PNC gained 1.48%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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PITTSBURGH, July 6, 2026 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $2.00 per share, an increase of $0.30 per share, or 18%, from the second quarter dividend of $1.70 per share. The dividend will be payable Aug. 5, 2026, to shareholders of record at the close of business July 20, 2026.

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

The board also declared a cash dividend on the following series of preferred stocks, which will be payable to shareholders of record as of the close of business on the respective record dates shown below. The preferred stocks listed below (except for Preferred Series B and X) are each represented by 100 depositary shares:

Preferred Series	Dividend Amount (per Preferred Share)	Dividend Amount (per Depositary Share)	2026 Payment Date*	2026 Record Date
B	$0.45	N/A	Sept. 10	Aug. 14
T	$850.00	$8.50	Sept. 15	Aug. 28
U	$1,500.00	$15.00	Aug. 15	July 31
V	$1,550.00	$15.50	Sept. 15	Aug. 28
W	$1,562.50	$15.6250	Sept. 15	Aug. 28
X	$18.13	N/A	July 29	July 15

* If a payment date falls on a non-business day, the dividend will be payable the next business day following the payment date.

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:  
Anne Pace 
(631) 338-3268 
anne.pace@pnc.com 

INVESTORS: 
Bryan Gill
(412) 768-4143
investor.relations@pnc.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/pnc-raises-common-stock-dividend-to-2-00-per-share-302818488.html

SOURCE The PNC Financial Services Group, Inc.

FAQ

What dividend increase did PNC (NYSE:PNC) announce on July 6, 2026?

PNC raised its quarterly common dividend to $2.00 per share, an increase of $0.30 or 18% from $1.70. According to PNC, this reflects financial strength, confidence in its strategy, and integration progress with FirstBank.

When is the new $2.00 PNC common stock dividend paid and who qualifies?

The new $2.00 per share PNC common dividend is payable on August 5, 2026. According to PNC, shareholders of record at the close of business on July 20, 2026, will receive this quarterly cash dividend.

What preferred stock dividends did PNC declare for 2026?

PNC declared 2026 dividends on preferred Series B, T, U, V, W and X. According to PNC, amounts range from $0.45 per Series B share to $1,562.50 per Series W share, with specific payment and record dates for each series.

What are the 2026 dividend details for PNC preferred Series T, U, V and W?

PNC set 2026 dividends of $850–$1,562.50 per preferred share for Series T, U, V and W. According to PNC, these equal $8.50–$15.6250 per depositary share, with August or September payment dates and late-July or August record dates.

What are the 2026 dividend dates for PNC preferred Series B and X?

PNC’s 2026 dividend for Series B is $0.45 per share, payable September 10 to holders as of August 14. According to PNC, Series X pays $18.13 per share on July 29 to holders of record on July 15.

How do PNC’s 2026 depositary share dividends compare across preferred series?

For 2026, PNC depositary share dividends range from $8.50 for Series T to $15.6250 for Series W. According to PNC, each depositary share represents one-hundredth of a preferred share for these series, excluding Series B and X.