PNC Declares Dividend of 10 Cents On Common Stock
08 January 2010 - 1:44AM
PR Newswire (US)
Makes $95 Million Dividend Payment to U.S. Department of Treasury
under the Troubled Asset Relief Program PITTSBURGH, Jan. 7
/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 Jan. 24, 2010 to shareholders of record at
the close of business Jan. 15, 2010. 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
March 10, 2010 to shareholders of record at the close of business
Feb. 16, 2010. -- Series C: a dividend of 40 cents per share will
be payable April 1, 2010 to shareholders of record at the close of
business March 5, 2010. -- Series D: a dividend of 45 cents per
share will be payable April 1, 2010 to shareholders of record at
the close of business March 5, 2010. -- 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
Feb. 1, 2010 to shareholders of record as of the close of business
Jan. 15, 2010. -- Series N: a dividend of $1,250.00 per share,
payable on Feb. 16, 2010 to shareholders of record as of the close
of business Jan. 29, 2010. 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 $426.3 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: ------ Brian E. Goerke (412)
762-4550 INVESTORS: ---------- William H. Callihan (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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