This hike signals a significant return of capital to investors for the Pittsburgh-based financial institution. By lifting the dividend rate to $2.00, PNC aims to bolster its appeal among income-focused shareholders following the board's latest review of the company's financial standing.
PNC Financial Services Boosts Quarterly Dividend by 18 Percent
PNC Financial Services Group is raising its quarterly payout to shareholders by 30 cents, marking an 18 percent increase. The board’s decision, announced Thursday, pushes the company’s dividend to $2.00 per share, a move that will take effect starting in the third quarter of this year.
When reusing this material a link to Money Talk is required.
Comments (0)
No comments yet. Be the first!