PNC Declares Dividend of 10 Cents on Common Stock
01 October 2009 - 11:08PM
PR Newswire (US)
Makes $95 Million Dividend Payment to U.S. Department of Treasury
under the Troubled Asset Relief Program PITTSBURGH, Oct. 1
/PRNewswire-FirstCall/ -- The PNC Financial Services Group, Inc.
(NYSE:PNC) today announced that the board of directors declared a
quarterly cash dividend of 10 cents per share on the common stock.
The dividend is payable Oct. 24, 2009 to shareholders of record at
the close of business Oct. 13, 2009. The board also declared a
quarterly cash dividend on the following preferred stocks: --
Series A and B: a dividend of 45 cents per share will be payable
Dec. 10, 2009 to shareholders of record at the close of business
Nov. 18, 2009. -- Series C: a dividend of 40 cents per share will
be payable Jan. 4, 2010 to shareholders of record at the close of
business Dec. 11, 2009. -- Series D: a dividend of 45 cents per
share will be payable Jan. 4, 2010 to shareholders of record at the
close of business Dec. 11, 2009. -- Series K: a dividend of $412.50
per share, ($41.25 per each depositary share representing one-tenth
of a share of the Series K preferred stock), will be payable on
Nov. 23, 2009 to shareholders of record at the close of business
Oct. 30, 2009. -- Series L: a dividend of $2,468.75 per share
($.6171875 per each depositary share, 4,000 of which represent one
share of Series L preferred stock), payable on Nov. 2, 2009 to
shareholders of record as of the close of business Oct. 15, 2009.
-- Series N: a dividend of $1,250.00 per share, payable on Nov. 16,
2009 to shareholders of record as of the close of business Oct. 30,
2009. The Series N preferred stock is held by the U.S. Department
of Treasury under the Troubled Asset Relief Program. To date, the
board of directors has authorized or paid a total of $332 million
in dividends to the Treasury. The PNC Financial Services Group,
Inc. (http://www.pnc.com/) is one of the nation's largest
diversified financial services organizations providing retail and
business banking; residential mortgage banking; specialized
services for corporations and government entities, including
corporate banking, real estate finance and asset-based lending;
wealth management; asset management and global fund services.
CONTACTS: MEDIA: INVESTORS: Brian E. Goerke William H. Callihan
(412) 762-4550 (412) 762-8257 DATASOURCE: The PNC Financial
Services Group, Inc. CONTACT: Media, Brian E. Goerke,
+1-412-762-4550, , or Investors, William H. Callihan,
+1-412-762-8257, Web Site: http://www.pnc.com/
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