PNC Financial Services (PNC) Raises Quarterly Dividend 26.7% to $0.95; 2.8% Yield

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Go back to PNC Financial Services (PNC) Raises Quarterly Dividend 26.7% to $0.95; 2.8% Yield

PNC Raises Common Stock Dividend To 95 Cents Per Share

July 5, 2018 10:13 AM EDT

PITTSBURGH, July 5, 2018 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 95 cents per share, an increase of 20 cents per share, or 27 percent, from the second quarter dividend of 75 cents per share. The dividend, with a payment date of Aug. 5, 2018, will be payable the next business day to shareholders of record at the close of business July 17, 2018.

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