PNC Raises Common Stock Dividend To $1.60 Per Share

Core Points - The PNC Financial Services Group, Inc. declared a quarterly cash dividend of $1.60 per share, marking a 3% increase from the previous quarter's dividend of $1.55 per share [1] - The dividend reflects the company's financial strength and the board's confidence in its strategy and outlook, as stated by the CEO William S. Demchak [1] Dividend Details - Series B: Quarterly dividend of $0.45 per share, payable on Sept. 10, 2024, to shareholders of record by Aug. 16, 2024 [1] - Series R: Quarterly dividend of $2,209.97 per share, with a payment date of Sept. 1, 2024, to shareholders of record by Aug. 16, 2024 [1] - Series T: Quarterly dividend of $850.00 per share, payable on Sept. 15, 2024, to shareholders of record by Aug. 30, 2024 [1] - Series U: Quarterly dividend of $1,500.00 per share, payable on Aug. 15, 2024, to shareholders of record by July 31, 2024 [1] - Series V: Quarterly dividend of $1,550.00 per share, payable on Sept. 15, 2024, to shareholders of record by Aug. 30, 2024 [1] - Series W: Quarterly dividend of $1,562.50 per share, payable on Sept. 15, 2024, to shareholders of record by Aug. 30, 2024 [1] Company Overview - PNC is one of the largest diversified financial services institutions in the United States, focusing on strong relationships and local delivery of retail and business banking services [2] - The company offers a full range of lending products, specialized services for corporations and government entities, as well as wealth management and asset management [2]