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PNC Raises Common Stock Dividend To $1.70 Per Share

1. PNC declared a quarterly dividend of $1.70 per share, a 6% increase. 2. Dividend reflects PNC's financial strength and confidence in strategic outlook. 3. Several preferred stock dividends were also declared with varying amounts.

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FAQ

Why Bullish?

The dividend increase signifies financial health, potentially attracting investors. Historically, dividend increases correlate with positive stock performance.

How important is it?

The increase in dividend is highly significant as it reflects PNC's strong financial position and growth prospects, making this news very impactful for stock valuation.

Why Short Term?

Immediate investor reactions to dividend announcements are often seen in short-term stock price movements.

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, /PRNewswire/ -- 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. The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.  CONTACTS MEDIA:Kristen Pillitteri(412) 762-4550[email protected]                INVESTORS:Bryan Gill(412) 768-4143[email protected] SOURCE The PNC Financial Services Group, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

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