Pnc Financial Services Group's last quarterly dividend payment of $1.5 per share was made to shareholders on record before Jul 12, 2022. The dividend payment stands at $5.5 per share annually, which equates to a dividend yield of 3.65%.
PNC has a dividend yield of 3.65% which is higher than the Financial Services sector and the industry average but lower than its peers average. In comparison with the Financial Services sector average of 2.93%, Pnc Financial Services Group's dividend yield is 25% higher. Historically PNC's dividend yield has averaged at 2.9% in the last 5 years, which is lower than the current one.
Pnc Financial Services Group has been paying dividends for the last 27 years. According to our records PNC has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 17% since one year ago. And with the stock price down by 24% from a year ago, the dividend yield marks an increase of 53%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jul 12, 2022 | Aug 5, 2022 | Jul 1, 2022 | $1.5 | normal |
| Apr 12, 2022 | May 5, 2022 | Apr 1, 2022 | $1.5 | normal |
| Jan 14, 2022 | Feb 5, 2022 | Jan 5, 2022 | $1.25 | normal |
| Oct 14, 2021 | Nov 5, 2021 | Oct 1, 2021 | $1.25 | normal |
| Jul 15, 2021 | Aug 5, 2021 | Jul 1, 2021 | $1.25 | normal |
| Apr 15, 2021 | May 5, 2021 | Apr 1, 2021 | $1.15 | normal |
| Jan 15, 2021 | Feb 5, 2021 | Jan 5, 2021 | $1.15 | normal |
| Oct 15, 2020 | Nov 5, 2020 | $1.15 | normal | |
| Jul 16, 2020 | Aug 5, 2020 | Jun 30, 2020 | $1.15 | normal |
| Apr 15, 2020 | May 5, 2020 | Apr 2, 2020 | $1.15 | normal |
| Jan 16, 2020 | Feb 5, 2020 | Jan 2, 2020 | $1.15 | normal |
| Oct 16, 2019 | Nov 5, 2019 | Oct 3, 2019 | $1.15 | normal |
| Jul 18, 2019 | Aug 5, 2019 | Jul 9, 2019 | $1.15 | normal |
| Apr 15, 2019 | May 5, 2019 | Apr 4, 2019 | $0.95 | normal |
| Jan 16, 2019 | Feb 5, 2019 | Jan 3, 2019 | $0.95 | normal |
| Oct 16, 2018 | Nov 5, 2018 | Oct 4, 2018 | $0.95 | normal |
| Jul 16, 2018 | Aug 5, 2018 | Jul 5, 2018 | $0.95 | normal |
| Apr 13, 2018 | May 5, 2018 | Apr 4, 2018 | $0.75 | normal |
| Jan 16, 2018 | Feb 5, 2018 | Jan 4, 2018 | $0.75 | normal |
| Oct 16, 2017 | Nov 5, 2017 | Oct 3, 2017 | $0.75 | normal |
| Jul 13, 2017 | Aug 5, 2017 | Jul 6, 2017 | $0.75 | normal |
| Apr 12, 2017 | May 5, 2017 | Apr 4, 2017 | $0.55 | normal |
| Jan 12, 2017 | Feb 5, 2017 | Jan 5, 2017 | $0.55 | normal |
| Oct 13, 2016 | Nov 7, 2016 | Oct 4, 2016 | $0.55 | normal |
| Jul 14, 2016 | Aug 5, 2016 | Jul 7, 2016 | $0.55 | normal |
| Apr 13, 2016 | May 5, 2016 | Apr 4, 2016 | $0.51 | normal |
| Jan 14, 2016 | Feb 5, 2016 | Jan 7, 2016 | $0.51 | normal |
| Oct 13, 2015 | Nov 5, 2015 | Oct 1, 2015 | $0.51 | normal |
PNC has a payout ratio of 43% which is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 30.1%, Pnc Financial Services Group's payout ratio is 43% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| KEY Keycorp | 4.83% | $0.78 | 33.6% |
| WSBC Wesbanco Inc | 4% | $1.35 | 48% |
| FITB Fifth Third Bancorp | 3.81% | $1.23 | 36.8% |
| JPM Jpmorgan Chase & Co | 3.8% | $4 | 32% |
| PNC Pnc Financial Services Group Inc | 3.64% | $5.5 | 43% |
| RF Regions Financial Corp | 3.52% | $0.71 | 31.6% |
| WFC Wells Fargo & Company | 2.47% | $1 | 23.8% |
Yes, Pnc Financial Services Group has been paying dividends for the last 27 years.
PNC hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in October 2022.
Pnc Financial Services Group's last regular dividend was on Jul 12, 2022 (ex-date) with the amount of $1.5 per share.
PNC's annualized dividend per share is $5.5.
Currently Pnc Financial Services Group's dividend yield is 3.65%.
Pnc Financial Services Group pays dividends quarterly.
Pnc Financial Services Group's dividend payout ratio is 43%.
Pnc Financial Services Group's dividend yield is higher than the Financial Services sector average.