PNC Financial Services Declares Dividend; Yield Is 3.1%

The Federal Reserve has capped the level of dividends the country's top banks can pay, yet many of those lenders continue to prioritize such shareholder payouts. One of these is regional bank PNC Financial Services (NYSE: PNC), which on Tuesday declared its latest quarterly common-stock dividend. The company will hand out $1.15 per share; this will be dispensed on Feb. 5 to investors of record as of Jan. 19.

At the most recent closing stock price, the dividend yields 3.1%.

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Source Fool.com