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

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

  • Series B: $0.45 per share, payable on December 10  to shareholders of record at the close of business November 15.
  • Series K: $114.57 per share, or $11.457 per each depositary share, 10 of which represent one share of Series K preferred stock, will be payable on November 21 to shareholders of record at the close of business October 31.
  • 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 November 1 to shareholders of record at the close of business October 15.
  • Series Q: $1,343.75 per share, or $0.3359375 per each depositary share, 4,000 of which represent one share of Series Q preferred stock, with a payment date of December 1 will be payable the next business day to shareholders of record at the close of business on November 15.
  • Series R: $2,748.33 per share, or $27.4833 per each depositary share, 100 of which represent one share of Series R preferred stock, will be payable on December 1 to shareholders of record at the close of business on November 15.

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

PNC Dividend Chart

PNC Dividend data by YCharts.

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.