PNC Financial Services : PNC Declares Dividend of 35 Cents On Common Stock
January 05, 2012 at 08:53 pm IST
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Jan 5, 2012
10:03am
/ -- The board of directors of NYSE: PNC) declared a
quarterly cash dividend on the common stock of 35 cents
per share. The dividend payment date is Feb. 5,
2012, payable the next business day, to shareholders of
record at the close of business Jan. 17, 2012.
The board also declared a quarterly cash dividend on the
following series of preferred stocks:
Series B: a dividend of 45 cents per share with a
dividend payment date of March 10, 2012, payable
the next business day, to shareholders of record at the
close of business Feb. 14, 2012.
Series L: a dividend of $2,468.75 per share ($.6171875
per each depositary share, 4,000 of which represent one
share of Series L preferred stock), will be payable on
Feb. 1, 2012 to shareholders of record as of the close
of business Jan. 17, 2012.
Series O: a dividend of $3,450 per share ($34.50 per
each depositary share, 100 of which represent one share
of Series O preferred stock), will be payable on Feb.
1, 2012 to shareholders of record as of the close of
business Jan. 17, 2012.
) is one of the nation's largest diversified
financial services organizations providing retail and
business banking; residential mortgage banking;
specialized services for corporations and government
entities, including corporate banking, real estate
finance and asset-based lending; wealth management and
asset management.
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PNC Financial Services Group, Inc. is one of the leading American financial service groups. Net sales break down by activity as follows:
- retail banking (46.9%): sales of standard and specialized banking products and services (residential mortgage, leasing, factoring, insurance, etc.);
- corporate, investment and market banking (43.3%);
- asset management (7.6%);
- other (2.2%).
At the end of 2021, the bank had USD 457.3 billion in current deposits and USD 288.4 billion in current loans.