PNC Financial Services Raises Quarterly Dividend Following Positive Capital Report
03 Julho 2023 - 1:57PM
Dow Jones News
By Sabela Ojea
PNC Financial Services said Monday that it is raising its
quarterly cash dividend after receiving positive results on its
capital levels from the Federal Reserve.
The bank holding company said the board has raised its payout to
shareholders by 3% to $1.55 a share.
"The increase in our dividend reflects the continued strength of
our capital and liquidity levels, and our board's confidence in our
strategy and outlook," Chief Executive William Demchak said.
The Federal Reserve's 2023 comprehensive capital analysis and
review stated that PNC's stress capital buffer for the fourth
quarter beginning Oct. 1 is below the 2.5% regulatory floor and
minimum SCB amount, resulting in an SCB of 2.5%.
The new percentage represents a decrease from the 2.9% SCB in
effect through Sept. 30, PNC said.
At 12:18 p.m. ET, shares were up 1.4% at $127.70.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
July 03, 2023 12:42 ET (16:42 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
PNC Financial Services (NYSE:PNC)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
PNC Financial Services (NYSE:PNC)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024
