Why The PNC Financial Services Group, Inc (PNC) is a Great Dividend Stock Right Now

Company Overview - The PNC Financial Services Group, Inc is headquartered in Pittsburgh and operates in the Finance sector [3] - The stock has experienced a price change of 1.91% since the beginning of the year [3] Dividend Information - PNC currently pays a dividend of $1.6 per share, resulting in a dividend yield of 3.26% [3] - The Financial - Investment Bank industry's average yield is 0.88%, while the S&P 500's yield is 1.51% [3] - The company's annualized dividend of$ 6.40 has increased by 1.6% from the previous year [4] - Over the past five years, PNC has raised its dividend four times, averaging an annual increase of 9.10% [4] - The current payout ratio is 48%, indicating that PNC paid out 48% of its trailing 12-month EPS as dividends [4] Earnings Expectations - PNC is anticipating earnings growth for the fiscal year, with the Zacks Consensus Estimate for 2025 at $14.96 per share, reflecting a 7.55% increase from the previous year [5] Investment Considerations - PNC is considered a compelling investment opportunity due to its strong dividend performance and current Zacks Rank of 3 (Hold) [7]