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

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

PNC Raises Common Stock Dividend To 75 Cents Per Share

July 6, 2017 10:13 AM EDT

PITTSBURGH, July 6, 2017 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 75 cents per share, an increase of 20 cents per share, or 36 percent, from the second quarter dividend of 55 cents per share. The dividend, with a payment date of Aug. 5, 2017, will be payable the next business day to shareholders of record at the close of business July 17, 2017.

"The significant increase to our dividend is a result of PNC's increased... More