PITTSBURGH, July 9, 2019 /PRNewswire/ -- The board of
directors of The PNC Financial Services Group, Inc. (NYSE: PNC)
declared a quarterly cash dividend on the common stock of
$1.15 per share, an increase of
20 cents per share, or 21%, from the
second quarter dividend of 95 cents
per share. The dividend will be payable Aug.
5, 2019 to shareholders of record at the close of business
July 19, 2019.
"The significant increase to our dividend is a result of PNC's
consistent performance, strong capital levels and our board's
confidence in our business model as a Main Street bank," said
William S. Demchak, PNC chairman,
president 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, 2019 to shareholders of record at the
close of business Aug. 16, 2019.
- Series O: a semi-annual dividend of $3,375.00 per share ($33.75 per each depositary share, 100 of which
represent one share of Series O preferred stock) will be payable
Aug. 1, 2019 to shareholders of
record at the close of business July 19,
2019.
- Series P: a quarterly dividend of $1,531.25 per share ($.3828125 per each depositary share, 4,000 of
which represent one share of Series P preferred stock) will be
payable Aug. 1, 2019 to shareholders
of record at the close of business July 19,
2019.
- Series Q: a quarterly dividend of $1,343.75 per share ($.3359375 per each depositary share, 4,000 of
which represent one share of Series Q preferred stock) with a
payment date of Sept. 1, 2019 will be
payable the next business day to shareholders of record at the
close of business Aug. 16, 2019.
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:
Marcey
Zwiebel
(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.