PNC Financial Services Group announced an 18% increase in its quarterly cash dividend to $2 per share, sending its stock up nearly 1.3%. The dividend will be paid on August 5, 2026, to shareholders of record as of July 20, 2026. The hike follows the Federal Reserve's 2026 stress test and reflects the company's strong capital position and confidence in its strategy, including the integration of FirstBank acquired in January 2026. Based on the prior day's closing price of $253.20, the dividend yield is 2.7%, above the industry average of 1.7%, with a payout ratio of 39%. PNC has raised its dividend six times in five years, most recently by 6% to $1.70 per share in July 2025, and continues share repurchases under a 100 million-share authorization with about 32 million shares remaining as of March 31, 2026.
PNC Financial Services Group IncPNC raised its quarterly dividend 18% to $2 per share, reflecting strong capital position and confidence in strategy.
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