PNC Declares Dividend Of $1.15 On Common Stock

PITTSBURGH, April 2, 2020 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.15 per share. The dividend will be payable May 5, 2020 to shareholders of record at the close of business April 16, 2020.

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 June 10, 2020 to shareholders of record at the close of business May 15, 2020.
• Series P: a quarterly dividend of $1,531.25 per share ($.3828125 per each depositary share, 4,000 of which represent one share of Series P preferred stock) will be payable May 1, 2020 to shareholders of record at the close of business April 16, 2020.
• Series Q: a quarterly dividend of $1,343.75 per share ($.3359375 per each depositary share, 4,000 of which represent one share of Series Q preferred stock) will be payable June 1, 2020 to shareholders of record at the close of business May 15, 2020.
• Series R: a semi-annual dividend of $2,425.00 per share ($24.25 per each depositary share, 100 of which represent one share of Series R preferred stock) will be payable June 1, 2020 to shareholders of record at the close of business May 15, 2020.
• Series S: a semi-annual dividend of $2,500.00 per share ($25.00 per each depositary share, 100 of which represent one share of Series S preferred stock) will be payable May 1, 2020 to shareholders of record at the close of business April 16, 2020.

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:                                                                                                                  Marcey Zwiebel(412) 762-4550[email protected]

INVESTORS:Bryan Gill(412) 768-4143[email protected]

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SOURCE PNC Financial Services Group