The PNC Financial Services Group, Inc (PNC) To Go Ex-Dividend on January 20th

The PNC Financial Services Group, Inc (NYSE:PNC) announced a quarterly dividend on Monday, January 5th. Stockholders of record on Tuesday, January 20th will be given a dividend of 1.70 per share by the financial services provider on Thursday, February 5th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, January 20th.

The PNC Financial Services Group has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. The PNC Financial Services Group has a dividend payout ratio of 39.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect The PNC Financial Services Group to earn $17.32 per share next year, which means the company should continue to be able to cover its $6.80 annual dividend with an expected future payout ratio of 39.3%.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC opened at $223.01 on Friday. The company has a market capitalization of $87.46 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 0.95 and a beta of 0.99. The company’s 50-day moving average is $202.68 and its 200 day moving average is $197.30. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.81 and a current ratio of 0.81. The PNC Financial Services Group has a fifty-two week low of $145.12 and a fifty-two week high of $227.00.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Friday, January 16th. The financial services provider reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.23 by $0.65. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $5.90 billion. The PNC Financial Services Group had a net margin of 19.30% and a return on equity of 11.47%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.77 earnings per share. On average, equities research analysts forecast that The PNC Financial Services Group will post 15.37 earnings per share for the current year.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services. PNC operates a national banking franchise with a significant retail branch network and dedicated capabilities for commercial, institutional and government clients. Its services are designed to serve individuals, small businesses, corporations and public sector entities across the United States.

PNC’s core business activities include consumer and business banking, residential mortgage lending, corporate and institutional banking, asset management and wealth advisory services.