PNC Raises Common Stock Dividend To $1.70 Per Share

Published Jul 03, 2025, 11:23 ET on PR Newswire

The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.70 per share, an increase of $0.10 cents per share, or 6%, from the second quarter dividend of $1.60 per share. The dividend will be payable Aug. 5, 2025, to shareholders of record at the close of business July 15, 2025. "The increase in our dividend reflects our continued financial strength and our board's confidence in our strategy and outlook," said William S. Demchak, PNC chairman and chief executive officer. 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 Sept. 10, 2025, to shareholders of record at the close of business Aug. 15, 2025. Series T: a quarterly dividend of $850.00 per share ($8.50 per each depositary share, 100 of which represent one share of Series T preferred stock) will be payable Sept. 15, 2025, to shareholders of record at the close of business Aug. 29, 2025. Series U: a quarterly dividend of $1,500.00 per share ($15.00 per each depositary share, 100 of which represent one share of Series U preferred stock) will be payable Aug. 15, 2025, to shareholders of record at the close of business July 31, 2025. Series V: a quarterly dividend of $1,550.00 per share ($15.50 per each depositary share, 100 of which represent one share of Series V preferred stock) will be payable Sept. 15, 2025, to shareholders of record at the close of business Aug. 29, 2025. Series W: a quarterly dividend of $1,562.50 per share ($15.6250 per each depositary share, 100 of which represent one share of Series W preferred stock) will be payable Sept. 15, 2025, to shareholders of record at the close of business Aug. 29, 2025.... Read more

Older articles featuring PNC: