PNC Financial Services Group’s 5.375% Non-Cumulative Perpetual Preferred Stock, Series Q Ex-Dividend Reminder

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On 11/14/17, PNC Financial Services Group’s 5.375% Non-Cumulative Perpetual Preferred Stock, Series Q (Symbol: PNC.PRQ) will trade ex-dividend, for its quarterly dividend of $0.3359, payable on 12/1/17. As a percentage of PNC.PRQ’s recent share price of $25.42, this dividend works out to approximately 1.32%, so look for shares of PNC.PRQ to trade 1.32% lower – all else being equal – when PNC.PRQ shares open for trading on 11/14/17. On an annualized basis, the current yield is approximately 5.30%, which compares to an average yield of 5.36% in the “Financial” preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PNC.PRQ shares, versus PNC:

Performance Comparison Chart Below is a dividend history chart for PNC.PRQ, showing historical dividends prior to the most recent $0.3359 on PNC Financial Services Group’s 5.375% Non-Cumulative Perpetual Preferred Stock, Series Q : PNC.PRQ+Dividend+History+Chart According to the ETF Finder at ETF Channel, PNC Financial Services Group (Symbol: PNC) makes up 11.94% of the iShares U.S. Regional Banks ETF ( IAT ) which is trading relatively unchanged on the day Friday. In Friday trading, PNC Financial Services Group’s 5.375% Non-Cumulative Perpetual Preferred Stock, Series Q (Symbol: PNC.PRQ) is currently up about 0.2% on the day, while the common shares (Symbol: PNC) are up about 0.2%.

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