PNC Financial Services (PNC) Raises Quarterly Dividend 7.8% to $0.55; 2.7% Yield
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PNC Raises Common Stock Dividend To 55 Cents Per Share
July 7, 2016 10:24 AM EDTPITTSBURGH, July 7, 2016 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 55 cents per share, an increase of 4 cents per share, or 8 percent, from the second quarter dividend of 51 cents per share. The dividend is payable Aug. 5, 2016 to shareholders of record at the close of business July 18, 2016.
"Today's board action provides an expanded and well-deserved return to our shareholders," said William S. Demchak, PNC chairman, president and chief executive officer. "Our strong... More
