Banking giant PNC Financial (PNC 1.43%) 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 data by YCharts.
