PNC Financial Services (PNC) Raises Quarterly Dividend 36.4% to $0.75; 2.4% Yield

July 6, 2017 10:14 AM EDT

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PNC Financial Services (NYSE: PNC) declared a quarterly dividend of $0.75 per share, or $3 annualized. This is a 36.4% increase from the prior dividend of $0.55.

The dividend will be payable on August 5, 2017, to stockholders of record on July 17, 2017, with an ex-dividend date of July 13, 2017.

The annual yield on the dividend is 2.4 percent.

"The significant increase to our dividend is a result of PNC's increased profitability, strong capital levels and our board's confidence in our business model as a Main Street bank," said William S. Demchak, PNC chairman, president and chief executive officer.

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

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