Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

PNC Financial Services Group Hikes Dividend - Quick Facts

RELATED NEWS
Trade PNC now with 
4/5/2012 12:00 PM ET

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
Intel Corp. said Tuesday after the markets closed that its first quarter profit fell 5% from last year, hurt mainly by higher income tax expenses even as revenue grew slightly. The company's quarterly earnings per share came in above analysts' expectations, but its quarterly revenue fell shy of analysts' forecast. With traders digesting a mixed batch of catalysts, stocks saw considerable volatility over the course of the trading day on Tuesday before closing mostly higher. The gains on the day extended the recovery off the two-month lows set last Friday. The major averages showed a notable rebound in afternoon trading to end the day in positive territory. U.S. President Barack Obama and his Russian counterpart Vladimir Putin spoke regarding the ongoing crisis in Ukraine for the first time in over two weeks on Monday, although the two leaders remain far apart on the cause of escalating tensions.
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.