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PNC Raises Common Stock Dividend To 75 Cents Per Share

PITTSBURGH, July 6, 2017 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (PNC) declared a quarterly cash dividend on the common stock of 75 cents per share, an increase of 20 cents per share, or 36 percent, from the second quarter dividend of 55 cents per share. The dividend, with a payment date of Aug. 5, 2017, will be payable the next business day to shareholders of record at the close of business July 17, 2017.

"The significant increase to our dividend is a result of PNC's increased profitability, strong capital levels and our board's confidence in our business model as a Main Street bank," said William S. Demchak, PNC chairman, president and chief executive officer.

The board also...


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