PNC Raises Quarterly Dividend 18% to $2.00, Schedules August 5 Payout
PNC•PNC’s board declared a quarterly cash dividend of $2.00 per share, up $0.30 or 18% from the prior $1.70, payable August 5, 2026 to holders of record July 20, 2026. Preferred series dividends were set at $0.45 on Series B up to $1,562.50 on Series W, with staggered record and payment dates.
1. Common Stock Dividend Increase
The board declared a quarterly cash dividend of $2.00 per common share, up $0.30 or 18% from the prior quarter’s $1.70. This dividend will be payable August 5, 2026, to shareholders of record on July 20, 2026, reflecting the successful integration of FirstBank.
2. Preferred Stock Dividends
Dividends were set for multiple preferred stock series: Series B at $0.45 per share, Series T at $850 per share ($8.50 per depositary share), Series U at $1,500 ($15.00), Series V at $1,550 ($15.50), Series W at $1,562.50 ($15.6250), and Series X at $18.13. Payment dates run from July 29 to September 15, with record dates between July 15 and August 28.
3. Board’s Confidence and Outlook
The board’s decision underscores PNC’s solid capital position and confidence in its growth strategy, including enhanced retail and corporate banking capabilities. The dividend boost follows strong integration metrics and aligns with the firm’s commitment to delivering consistent shareholder returns.
