The PNC Financial Services Group, Inc (PNC) To Go Ex-Dividend on October 14th

The PNC Financial Services Group, Inc (NYSE:PNC – Get Free Report) announced a quarterly dividend on Friday, October 2nd. Shareholders of record on Wednesday, October 14th will be paid a dividend of $2.00 per share by the financial services provider on Thursday, November 5th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, October 14th.

The PNC Financial Services Group has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 14 years. The PNC Financial Services Group has a payout ratio of 46.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect The PNC Financial Services Group to earn $21.30 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 37.6%.

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The PNC Financial Services Group Trading Up 0.0%

NYSE PNC opened at $219.23 on Monday. The PNC Financial Services Group has a one year low of $176.88 and a one year high of $258.96. The company has a 50-day simple moving average of $238.89 and a 200-day simple moving average of $232.82. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a market capitalization of $87.46 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.15 and a beta of 0.94.

The PNC Financial Services Group (NYSE:PNC – Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.39. The PNC Financial Services Group had a net margin of 21.41% and a return on equity of 12.48%. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.51 billion. During the same quarter in the prior year, the firm earned $3.85 EPS. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, equities analysts forecast that The PNC Financial Services Group will post 19.22 earnings per share for the current year.

The PNC Financial Services Group Company Profile

(Get Free Report)

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its banking and financial services businesses, PNC serves consumers, small and mid-sized businesses, corporations, government entities and institutional clients across the United States.

PNC’s principal activities include retail banking, corporate and institutional banking, and asset management. Its products and services include deposit accounts, consumer and business lending, mortgages, credit cards, treasury management, investment banking, commercial finance, wealth management and investment advisory services.

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