The PNC Financial Services Group, Inc. (NYSE: PNC) stock identified change of 29.14% away from 52-week low price and recently located move of -4.88% off 52-week high price. It has market worth of $63722.75M and dividend yield of 2.71%. PNC stock has been recorded 4.72% away from 50 day moving average and 8.79% away from 200 day moving average. Moving closer, we can see that shares have been trading 2.97% off 20-day moving average.
The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.15 per share, an increase of 20 cents per share, or 21%, from the second quarter dividend of 95 cents per share. The dividend will be payable Aug. 5, 2019 to shareholders of record at the close of business July 19, 2019.
William S. Demchak, PNC chairman, president and chief executive officer said “The significant increase to our dividend is a result of PNC’s consistent performance, strong capital levels and our board’s confidence in our business model as a Main Street bank,”.
The board also declared a cash dividend on the following series of preferred stocks:
Series B: a quarterly dividend of 45 cents per share will be payable Sept. 10, 2019 to shareholders of record at the close of business Aug. 16, 2019.
Series O: a semi-annual dividend of $3,375.00 per share ($33.75 per each depositary share, 100 of which represent one share of Series O preferred stock) will be payable Aug. 1, 2019 to shareholders of record at the close of business July 19, 2019.
Series P: a quarterly dividend of $1,531.25 per share ($.3828125 per each depositary share, 4,000 of which represent one share of Series P preferred stock) will be payable Aug. 1, 2019 to shareholders of record at the close of business July 19, 2019.
Series Q: a quarterly dividend of $1,343.75 per share ($.3359375 per each depositary share, 4,000 of which represent one share of Series Q preferred stock) with a payment date of Sept. 1, 2019 will be payable the next business day to shareholders of record at the close of business Aug. 16, 2019.
The Financial sector company, The PNC Financial Services Group noticed change of -0.53% to $140.05 along volume of 1466448 shares in recent session compared to an average volume of 1663.78K. The stock observed return of 0.33% in 5 days trading activity. The stock was at 4.22% over one month performance. PNC’s shares are at 10.45% for the quarter and driving a 0.91% return over the course of the past year and is now at 19.79% since this point in 2018.
The average volatility for the week at 1.26% and for month was at 1.73%. There are 455M shares outstanding and 450.32M shares are floated in market. Right now the stock beta is 1.06.
Eugene Harris joined us after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. Eugene earned bachelor degree from Union College with a focus in Business Administration. Eugene is the Senior Editor and market movers section. He also holds an MBA from Penn State University He has two daughter and two children.
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