PITTSBURGH, July 2, 2024
/PRNewswire/ -- The board of directors of The PNC Financial
Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend
on the common stock of $1.60 per
share, an increase of $0.05 cents per
share, or 3%, from the second quarter dividend of $1.55 per share. The dividend will be payable
Aug. 5, 2024, to shareholders of
record at the close of business July 15,
2024.
"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, 2024, to shareholders of record at the
close of business Aug. 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 of Sept. 1, 2024, will be payable the next business
day to shareholders of record at the close of business Aug. 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 of Sept. 15, 2024, will be
payable the next business day to shareholders of record at the
close of business Aug. 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 payable
Aug. 15, 2024, to shareholders of
record at the close of business July 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 of Sept. 15, 2024, will be
payable the next business day to shareholders of record at the
close of business Aug. 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 of Sept. 15, 2024, will be
payable the next business day to shareholders of record at the
close of business Aug. 30, 2024.
The PNC Financial Services Group, Inc. (NYSE: PNC). PNC 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:
Timothy
Miller
(412) 762-4550
media.relations@pnc.com
INVESTORS:
Bryan
Gill
(412) 768-4143
investor.relations@pnc.com
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SOURCE The PNC Financial Services Group, Inc.