Banking giant PNC Financial (NYSE:PNC) announced today its third-quarter dividend of $0.44 per share, the same rate it paid last quarter after raising the payout 10% from $0.40 per share. The board of directors said the quarterly dividend is payable on Aug. 5 to the holders of record at the close of business on July 15. 

The board also said it was paying dividends on five series of preferred stock:

  • Series B: $0.45 per share, payable on Sept. 10  to shareholders of record at the close of business Aug. 16.
  • Series K: $114.84 per share, or $11.484 per each depositary share, 10 of which represent one share of Series K preferred stock, will be payable on Aug. 21 to shareholders of record at the close of business July 31.
  • Series O: $3,375.00 per share, or $33.75 per each depositary share, 100 of which represent one share of Series O preferred stock, will be payable on Aug. 1 to shareholders of record at the close of business July 15.
  • Series P: $1,531.25 per share, or $0.3828125 per each depositary share, 4,000 of which represent one share of Series P preferred stock, will be payable on Aug. 1 to shareholders of record at the close of business July 15.
  • Series Q: $1,343.75 per share, or $0.3359375 per each depository share, 4,000 of which represent one share of Series Q preferred stock, with a payment date of Sept. 1 will be payable the next business day to shareholders of record at the close of business Aug. 16.

The regular dividend payment equates to a $1.76-per-share annual dividend, yielding 2.4% based on the closing price of PNC Financial's stock on July 2.

PNC Dividend Chart

PNC Dividend data by YCharts.

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Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of PNC Financial Services. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.