PNC Financial Services Group (PNC) will raise its quarterly dividend by 20 percent to $1.50 per share in 2022. This follows a dividend hike of 8.7 percent to $1.25 per share by PNC in 2021 and marks the 12th consecutive year of higher dividends by the financial services company based on calendar years.

The next PNC dividend will be payable May 5, 2022 to shareholders of record at the close of business April 13, 2022. A new annual dividend rate of $6.00 per share yields 3.3% at a stock price of $182. The next ex-dividend date for PNC is April 12, 2022.

The PNC Financial Services Group, Inc. is a diversified financial services company.  The company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management, providing many of our products and services nationally. PNC's retail branch network is located in markets across the Mid-Atlantic, Midwest and Southeast. The company also has strategic international offices in four countries outside the U.S. The PNC Financial Services Group was incorporated under the laws of the Commonwealth of Pennsylvania in 1983 with the consolidation of Pittsburgh National Corporation and Provident National Corporation.