PNC (PNC) Raises Qtr. Dividend 14.3% to $0.40, 2.5% Yield; Announces $250M Buyback Plan

PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly dividend of $0.40 per share, or $1.6 annualized. This is a 14.3% increase from the prior dividend of $0.35.

The dividend will be payable on May 7, 2012, to stockholders of record on April 17, 2012, with an ex-dividend date of April 13, 2012.

The annual yield on the dividend is 2.5 percent.

For a dividend history and other dividend-related data on PNC Financial Services Group, Inc. (PNC) click here.

The company also authorized a $250 million stock buyback program.

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