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American City Business Journals

PNC raises dividend to new high of $1.50 per share

PNC Financial Services Group Inc. is rewarding shareholders by raising its common stock dividend by a quarter to $1.50 per share. PNC’s board declared the increase which will be payable on May 5 to shareholders of record as of the close of business on April 13. 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 June 10, 2022, to shareholders of record at the close of business May 20, 2022.