Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

PNC Financial Services Group Hikes Dividend - Quick Facts

RELATED NEWS
Trade PNC now with 

PNC Financial Services Group Inc. (PNC: Quote) said that its board declared a quarterly cash dividend of $0.40 per share of common stock, an increase of 5 cents per share, or 14 percent, from the prior quarterly dividend of $0.35 per share. The new dividend payment date is May 5, 2012, payable the next business day, to shareholders of record at the close of business April 17, 2012.

In addition, the company said that it plans to purchase up to $250 million of common stock under its existing 25 million share repurchase program in open market or privately negotiated transactions during the remainder of 2012. The share repurchase program, which does not bear a termination date, has been in effect since October 4, 2007 and has 24.7 million shares remaining.

Register
To receive FREE breaking news email alerts for PNC Financial Services Group Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After initially showing a lack of direction, stocks have moved mostly higher over the course of the trading day on Friday. With the gains on the day, the markets are extending the upward trend seen over the past several sessions. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections. While the Commerce Department released a report on Friday showing a modest increase in new home sales in the U.S. in the month of September, the uptick came from a significantly downwardly revised level in August.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.