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PITTSBURGH - The PNC Financial Services Group, Inc. (NYSE: PNC), a $65.2 billion market cap financial institution, has announced dividends for its common and various series of preferred stock. Shareholders of PNC common stock can expect a quarterly cash dividend of $1.60 per share payable on May 5, 2025, with an April 16, 2025 record date. The dividend represents a 3.62% yield, reflecting PNC’s remarkable 14-year streak of dividend increases and 55 consecutive years of dividend maintenance, according to InvestingPro data.
Additionally, dividends on preferred stock for Series B, S, T, U, V, and W were declared. Series B shareholders are set to receive a quarterly dividend of 45 cents per share on June 10, 2025. Series S will have a semi-annual dividend of $2,500.00 per share payable on May 1, 2025. Series T, U, V, and W shareholders will receive their dividends ranging from $850.00 to $1,562.50 per share on various dates in May and June 2025. Trading at a P/E ratio of 12.07, PNC currently appears undervalued according to InvestingPro’s Fair Value analysis.
PNC Financial Services Group, a top diversified financial services institution in the United States, offers a broad range of banking, lending, corporate banking, real estate finance, asset-based lending, wealth management, and asset management services. This dividend declaration is part of the company’s ongoing commitment to return value to its shareholders.
The information in this article is based on a press release statement from The PNC Financial Services Group, Inc.
In other recent news, PNC Financial Services Group Inc. reported strong fourth-quarter earnings, exceeding analyst expectations with earnings per share of $3.77, compared to the projected $3.30. The company’s revenue also surpassed forecasts, reaching $5.57 billion against an expected $5.48 billion. Despite these positive results, PNC shares experienced a slight dip in early trading. In addition to its earnings report, PNC announced a successful public offering of senior notes, raising $2.75 billion, which is part of its strategy to manage debt and secure long-term financing.
HSBC analyst Saul Martinez upgraded PNC Financial’s stock rating from Hold to Buy, adjusting the price target to $202, indicating a potential 15.4% upside. The analyst highlighted PNC’s strong risk management and capital allocation strategies. Furthermore, PNC has revised its executive compensation terms, allowing continued vesting of certain awards in the event of a qualifying termination without cause or for good reason. The company also adopted a new Executive Severance Plan to standardize severance payments for executives, providing clarity and protection in non-change in control scenarios.
These developments reflect PNC’s efforts to maintain competitive practices and support its long-term performance goals.
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