The board of directors of The PNC Financial Services Group, Inc. recently declared a quarterly cash dividend of $2.00 per share on its common stock. This decision marks an increase of $0.30, or 18%, from the previous quarter, which had a dividend of $1.70 per share. Shareholders on record as of the close of business on July 20, 2026, will receive this dividend payment on August 5, 2026.
PNC's chairman and CEO, William S. Demchak, stated that this increase in the dividend reflects the company’s strong financial performance, as well as the board’s confidence in its strategies and future outlook. He highlighted the successful integration of FirstBank, a significant contributor to their positive results and outlook.
In addition to the common stock dividend, the board also announced dividends for specific series of preferred stocks. Shareholders holding these preferred stocks will receive the following dividend payments:
- - Preferred Series B: $0.45 payable on September 10, with an August 14 record date.
- - Preferred Series T: $850.00 with a payment date of September 15 and a record date of August 28.
- - Preferred Series U: $1,500.00, payable on August 15, with the record date set for July 31.
- - Preferred Series V: $1,550.00 due on September 15, with an August 28 record date.
- - Preferred Series W: $1,562.50, also payable on September 15, with a record date of August 28.
- - Preferred Series X: $18.13, payable on July 29, and the record date on July 15.
Each of the preferred stocks, except for Preferred Series B and X, is represented by 100 depositary shares, enabling a structured and organized dividend distribution to shareholders.
PNC Financial Services Group stands as one of the largest diversified financial institutions in the United States. With a commitment to serving their customers and communities, PNC focuses on creating strong relationships and ensuring local delivery of various banking services, including a comprehensive suite of lending products, corporate banking, and wealth management services. This commitment has not only established PNC as a leader in the financial sector but has also positioned the organization favorably for future growth and stability.
With the new dividend announcement, PNC reinforces its dedication to delivering value to its shareholders while maintaining a solid footing in the competitive landscape of financial services. Investors and shareholders can look forward to additional insights and updates from PNC as they continue navigating the complexities of the financial market and striving for excellence in service and financial stability.