PNC announces substantial quarterly dividend for shareholders

On April 3, 2025, The PNC Financial Services Group, Inc., based in Pittsburgh, announced significant financial decisions regarding dividends for its shareholders. The company's board of directors declared a quarterly cash dividend of $1.60 per share on common stock, which is aimed at rewarding its investors. This cash dividend exemplifies PNC's commitment to maintaining strong relationships with its shareholders and providing value through consistent financial performance. In addition to the common stock dividend, PNC also declared dividends for various series of preferred stocks. For Series B, a quarterly dividend of 45 cents per share is set to be paid on June 10, 2025, while Series S will receive a semi-annual dividend of $2,500.00 per share, payable on May 1, 2025. Additionally, Series T will receive a quarterly dividend of $850.00 per share with a payment date of June 15, 2025. For Series U, shareholders can expect a quarterly dividend of $1,500.00 per share, payable on May 15, 2025, and for Series V, a quarterly dividend of $1,550.00 per share will also be paid on June 15, 2025. The announcement reflects PNC's position as one of the largest diversified financial services institutions in the United States, and the company's strategic focus on providing a full range of retail and business banking services. The company emphasizes building strong local relationships while supporting various community and customer needs through its financial products and services. Overall, these dividend declarations highlight PNC's robust financial health and its ongoing strategy to deliver tangible returns to its investors. By rewarding its shareholders with attractive dividends, PNC aims to strengthen investor confidence and further solidify its reputation in the financial industry.