PNC Financial Services hikes dividend by 6.2%

PNC Financial Services Group (PNC) will raise its quarterly dividend by 6.2% to $1.70 per share in 2025. This marks the 15th consecutive year of increases by PNC.

The dividend yield for PNC is 3.5% at a stock price of $196.57. The next ex-dividend date will be July 15, 2025. Last year PNC announced a smaller increase of 3.2% to $1.60 quarterly.

The dividend will be payable Aug. 5, 2025, to shareholders of record at the close of business July 15, 2025.

"The increase in our dividend reflects our continued financial strength and our board's confidence in our strategy and outlook," said William S. Demchak, PNC chairman and chief executive officer.

The PNC Financial Services Group, Inc. is a diversified financial services company.  The company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management, providing many of our products and services nationally. PNC's retail branch network is located in markets across the Mid-Atlantic, Midwest and Southeast. The company also has strategic international offices in four countries outside the U.S. The PNC Financial Services Group was incorporated under the laws of the Commonwealth of Pennsylvania in 1983 with the consolidation of Pittsburgh National Corporation and Provident National Corporation.