PNC Raises Common Stock Dividend To $1.60 Per Share
"The increase in our dividend reflects our continued financial strength and our board's confidence in our strategy and outlook," said
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 payableSept. 10, 2024 , to shareholders of record at the close of businessAug. 16, 2024 . -
Series R: a quarterly dividend of
$2,209.97 per share ($22.0997 per each depositary share, 100 of which represent one share of Series R preferred stock) at a quarterly rate of 2.20997%, with a payment date ofSept. 1, 2024 , will be payable the next business day to shareholders of record at the close of businessAug. 16, 2024 . -
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) with a payment date ofSept. 15, 2024 , will be payable the next business day to shareholders of record at the close of businessAug. 30, 2024 . -
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 payableAug. 15, 2024 , to shareholders of record at the close of businessJuly 31, 2024 . -
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) with a payment date ofSept. 15, 2024 , will be payable the next business day to shareholders of record at the close of businessAug. 30, 2024 . -
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) with a payment date ofSept. 15, 2024 , will be payable the next business day to shareholders of record at the close of businessAug. 30, 2024 .
CONTACTS
MEDIA:
(412) 762-4550
media.relations@pnc.com
INVESTORS:
(412) 768-4143
investor.relations@pnc.com
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