PNC Finl Servs Gr's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
PNC Financial Services Group (NYSE:PNC) has announced a quarterly dividend of $1.55 per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday's session will be eligible for the dividend, which will be paid on February 5, 2024. The stock is expected to open $1.55 lower on Friday to reflect the dividend payout.
January 09, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
PNC Financial Services Group will pay a $1.55 quarterly dividend per share, with shares expected to open lower by the same amount on the ex-dividend date, reflecting the payout.
The stock price of PNC is likely to decrease in the short term by the amount of the dividend as the ex-dividend date approaches, which is a common occurrence as the market adjusts for the payout.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100