{"id":691338,"date":"2022-10-03T11:13:41","date_gmt":"2022-10-03T15:13:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-declares-dividend-of-1-50-on-common-stock-2\/"},"modified":"2022-10-03T11:13:41","modified_gmt":"2022-10-03T15:13:41","slug":"pnc-declares-dividend-of-1-50-on-common-stock-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-declares-dividend-of-1-50-on-common-stock-2\/","title":{"rendered":"PNC DECLARES DIVIDEND OF $1.50 ON COMMON STOCK"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">PITTSBURGH<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Oct. 3, 2022<\/span><\/span> \/PRNewswire\/ &#8212; The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of <span class=\"xn-money\">$1.50<\/span> per share. The dividend, with a payment date of <span class=\"xn-chron\">Nov. 5, 2022<\/span>, will be payable the next business day to shareholders of record at the close of business <span class=\"xn-chron\">Oct. 17, 2022<\/span>.<\/p>\n<p>The board also declared a cash dividend on the following series of preferred stocks:<\/p>\n<ul type=\"disc\">\n<li>\n          <b>Series B<\/b>: a quarterly dividend of <span class=\"xn-money\">45 cents<\/span> per share, with a payment date of <span class=\"xn-chron\">Dec. 10, 2022<\/span>, will be payable the next business day to shareholders of record at the close of business <span class=\"xn-chron\">Nov. 18, 2022<\/span>.<\/li>\n<li>\n          <b>Series O:<\/b> a quarterly dividend of <span class=\"xn-money\">$1,650.96<\/span> per share (<span class=\"xn-money\">$16.5096<\/span> per each depositary share, 100 of which represent one share of Series O preferred stock) at a quarterly rate of 1.65096% will be payable <span class=\"xn-chron\">Nov. 1, 2022<\/span>, to shareholders of record at the close of business <span class=\"xn-chron\">Oct. 17, 2022<\/span>.<\/li>\n<li>\n          <b>Series R: <\/b>a semi-annual dividend of <span class=\"xn-money\">$2,425.00<\/span> per share (<span class=\"xn-money\">$24.25<\/span> per each depositary share, 100 of which represent one share of Series R preferred stock) will be payable <span class=\"xn-chron\">Dec. 1, 2022<\/span>, to shareholders of record at the close of business <span class=\"xn-chron\">Nov. 16, 2022<\/span>.<\/li>\n<li>\n          <b>Series S: <\/b>a semi-annual dividend of <span class=\"xn-money\">$2,500.00<\/span> per share (<span class=\"xn-money\">$25.00<\/span> per each depositary share, 100 of which represent one share of Series S preferred stock), will be payable <span class=\"xn-chron\">Nov. 1, 2022<\/span>, to shareholders of record at the close of business <span class=\"xn-chron\">Oct. 17, 2022<\/span>.<\/li>\n<li>\n          <b>Series T:<\/b> a quarterly dividend of <span class=\"xn-money\">$850.00<\/span> per share (<span class=\"xn-money\">$8.50<\/span> per each depositary share, 100 of which represent one share of Series T preferred stock) will be payable <span class=\"xn-chron\">Dec. 15, 2022<\/span>, to shareholders of record at the close of business <span class=\"xn-chron\">Nov. 30, 2022<\/span>.<\/li>\n<li>\n          <b>Series U:<\/b> a quarterly dividend of <span class=\"xn-money\">$1,500.00<\/span> per share (<span class=\"xn-money\">$15.00<\/span> per each depositary share, 100 of which represent one share of Series U preferred stock) will be payable <span class=\"xn-chron\">Nov. 15, 2022<\/span>, to shareholders of record at the close of business <span class=\"xn-chron\">Oct. 31, 2022<\/span>.<\/li>\n<li>\n          <b>Series V<\/b>: a quarterly dividend of <span class=\"xn-money\">$1,997.78<\/span> per share (<span class=\"xn-money\">$19.9778<\/span> per each depositary share, 100 of which represent one share of Series V preferred stock) will be payable <span class=\"xn-chron\">Dec. 15, 2022<\/span>, to shareholders of record at the close of business <span class=\"xn-chron\">Nov. 30, 2022<\/span>.<\/li>\n<\/ul>\n<p>On <span class=\"xn-chron\">Sept. 30, 2022<\/span>, PNC announced the redemption of <span class=\"xn-money\">$1,500,000,000<\/span> of Depositary Shares (CUSIP: 693475857) (the &#8220;Depositary Shares&#8221;) representing interests in PNC&#8217;s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series P (the &#8220;Series P Preferred Stock&#8221;) on <span class=\"xn-chron\">Nov. 1, 2022<\/span>. Each Depositary Share represents a 1\/4,000th interest in a share of the Series P Preferred Stock. All 60,000,000 Depositary Shares currently outstanding will be redeemed.\u00a0<\/p>\n<p>The Depositary Shares will be redeemed at a redemption price of <span class=\"xn-money\">$25.00<\/span> per Depositary Share plus declared and unpaid dividends of <span class=\"xn-money\">$0.43763<\/span> per Depositary Share, representing the dividend for the period from <span class=\"xn-chron\">Aug. 1, 2022<\/span> to, but excluding, <span class=\"xn-chron\">Nov. 1, 2022<\/span>.<\/p>\n<p>The Depositary Shares are held through the Depository Trust Company (&#8220;DTC&#8221;) and will be redeemed in accordance with the procedures of DTC. Payment to DTC will be made by Computershare Trust Company, N.A., the Depositary, in accordance with the Deposit Agreement governing the Depositary Shares. The address for Computershare Trust Company, N.A. is 462 South 4th Street, Suite 1600, <span class=\"xn-location\">Louisville, KY<\/span> 40202.<\/p>\n<p>The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in <span class=\"xn-location\">the United States<\/span>, 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 <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3665627-1&amp;h=2942077088&amp;u=http%3A%2F%2Fwww.pnc.com%2F&amp;a=www.pnc.com\" target=\"_blank\" rel=\"nofollow noopener\">www.pnc.com<\/a>.<\/p>\n<p>\n        <b>CONTACTS<\/b>\n      <\/p>\n<p>MEDIA:\u00a0<br \/><span class=\"xn-person\">Timothy Miller<\/span><br \/>(412) 762-4550<br \/><a href=\"mailto:media.relations@pnc.com\" target=\"_blank\" rel=\"nofollow noopener\">media.relations@pnc.com<\/a><\/p>\n<p>INVESTORS:<br \/><span class=\"xn-person\">Bryan Gill<\/span><br \/>(412) 768-4143<br \/><a href=\"mailto:investor.relations@pnc.com\" target=\"_blank\" rel=\"nofollow noopener\">investor.relations@pnc.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2718\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/364550\/PNC_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/364550\/PNC_Logo.jpg\" title=\"PNC Logo\" alt=\"PNC Logo\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NE90933&amp;sd=2022-10-03\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/pnc-declares-dividend-of-1-50-on-common-stock-301639067.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/pnc-declares-dividend-of-1-50-on-common-stock-301639067.html<\/a><\/p>\n<p>SOURCE  The PNC Financial Services Group, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NE90933&amp;Transmission_Id=202210031110PR_NEWS_USPR_____NE90933&amp;DateId=20221003\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire PITTSBURGH , Oct. 3, 2022 \/PRNewswire\/ &#8212; The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.50 per share. The dividend, with a payment date of Nov. 5, 2022, will be payable the next business day to shareholders of record at the close of business Oct. 17, 2022. The board also declared a cash dividend on the following series of preferred stocks: Series B: a quarterly dividend of 45 cents per share, with a payment date of Dec. 10, 2022, will be payable the next business day to shareholders of record at the close of business Nov. 18, 2022. Series O: a quarterly dividend &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-declares-dividend-of-1-50-on-common-stock-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PNC DECLARES DIVIDEND OF $1.50 ON COMMON STOCK&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-691338","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PNC DECLARES DIVIDEND OF $1.50 ON COMMON STOCK - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-declares-dividend-of-1-50-on-common-stock-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PNC DECLARES DIVIDEND OF $1.50 ON COMMON STOCK - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire PITTSBURGH , Oct. 3, 2022 \/PRNewswire\/ &#8212; The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.50 per share. The dividend, with a payment date of Nov. 5, 2022, will be payable the next business day to shareholders of record at the close of business Oct. 17, 2022. The board also declared a cash dividend on the following series of preferred stocks: Series B: a quarterly dividend of 45 cents per share, with a payment date of Dec. 10, 2022, will be payable the next business day to shareholders of record at the close of business Nov. 18, 2022. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-declares-dividend-of-1-50-on-common-stock-2\/","og_locale":"en_US","og_type":"article","og_title":"PNC DECLARES DIVIDEND OF $1.50 ON COMMON STOCK - Market Newsdesk","og_description":"PR Newswire PITTSBURGH , Oct. 3, 2022 \/PRNewswire\/ &#8212; The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.50 per share. The dividend, with a payment date of Nov. 5, 2022, will be payable the next business day to shareholders of record at the close of business Oct. 17, 2022. The board also declared a cash dividend on the following series of preferred stocks: Series B: a quarterly dividend of 45 cents per share, with a payment date of Dec. 10, 2022, will be payable the next business day to shareholders of record at the close of business Nov. 18, 2022. Series O: a quarterly dividend &hellip; Continue reading \"PNC DECLARES DIVIDEND OF $1.50 ON COMMON STOCK\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-declares-dividend-of-1-50-on-common-stock-2\/","og_site_name":"Market Newsdesk","article_published_time":"2022-10-03T15:13:41+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/364550\/PNC_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-declares-dividend-of-1-50-on-common-stock-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-declares-dividend-of-1-50-on-common-stock-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"PNC DECLARES DIVIDEND OF $1.50 ON COMMON STOCK","datePublished":"2022-10-03T15:13:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-declares-dividend-of-1-50-on-common-stock-2\/"},"wordCount":594,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-declares-dividend-of-1-50-on-common-stock-2\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/364550\/PNC_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-declares-dividend-of-1-50-on-common-stock-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-declares-dividend-of-1-50-on-common-stock-2\/","name":"PNC DECLARES DIVIDEND OF $1.50 ON COMMON STOCK - 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