Morningstar

PNC Financial Services Raises Dividend by 18% to $2.00

Provided by Dow Jones Jul 6, 2026, 4:07:00 PM

By Colin Kellaher

PNC Financial Services Group's board has raised the quarterly dividend by 18%, to $2.00 from $1.70, following through on a pledge made last month after the Federal Reserve's annual stress test.

The new payout, equal to $8.00 a year, represents an annual yield of 3.18% based on Monday's trading price of $251.68, up from 2.7%.

The Pittsburgh financial-services company said the increased dividend is payable Aug. 5 to shareholders of record July 20.

PNC and a collection of its peers all passed the Fed's annual stress tests, and several responded with plans for stock buybacks and dividend increases.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

July 06, 2026 12:07 ET (16:07 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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