PNC Financial Services (PNC) Declares $1.15 Quarterly Dividend; 4.4% Yield

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Go back to PNC Financial Services (PNC) Declares $1.15 Quarterly Dividend; 4.4% Yield

PNC Announces Stress Capital Buffer; Declares Dividend Of $1.15 On Common Stock

June 30, 2020 11:50 AM EDT

PITTSBURGH, June 30, 2020 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) last week received the results of the Federal Reserve's 2020 Comprehensive Capital Analysis and Review (CCAR). The Federal Reserve's CCAR disclosure included its estimate of PNC's minimum capital ratios for the period from the first quarter of 2020 through the first quarter of 2022 under the Supervisory Severely Adverse Scenario.  Based on PNC's strong results, PNC's Stress Capital Buffer (SCB) for the four quarter period beginning October 1, 2020 is 2.5%, which is the regulatory floor and the minimum SCB amount.  PNC's Common Equity Tier 1 (CET1) ratio... More