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|Noteworthy ETF Inflows: KRE, FITB, PNC, HBAN
Wednesday, September 27, 10:50 AM ET, by Market News Video Staff
Symbols mentioned in this story: KRE, FITB, PNC, HBAN Exchange traded funds (ETFs) trade just ...
PNC Financial Services Group a Top Socially Responsible Dividend Stock With 2.2% Yield (PNC)
Friday, October 6, 8:30 AM ET, by Market News Video Staff
PNC Financial Services Group (PNC) has been named a Top Socially Responsible Dividend Stock by ...
Noteworthy ETF Inflows: MTUM, MS, PNC, ANTM
Monday, October 9, 10:47 AM ET, by Market News Video Staff
Symbols mentioned in this story: MTUM, MS, PNC, ANTM Exchange traded funds (ETFs) trade just ...
Wednesday, October 11, 2:18 PM ET, by Market News Video Staff
The most recent short interest data has been released for the 09/29/2017 settlement date, and ...
Thursday, October 12, 10:08 AM ET, by Market News Video Staff
On 10/16/17, Graham Holdings Co. (GHC), Saul Centers, Inc.. ...
PNC Financial Services Group's Preferred Stock, Series P Yield Pushes Past 5.5%
By Ru Back Packer Staff, Tuesday, January 16, 2:07 PM ET
In trading on Tuesday, shares of PNC Financial Services Group's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series P (NYSE:PNC.PRP) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.5312), with shares changing hands as low as $27.65 on the day. This compares to an average yield of 5.57% in the "Financial" preferred stock category, according to Ru Back Packer. As of last close, PNC.PRP was trading at a 12.72% premium to its liquidation preference amount, versus the average premium of 5.97% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
The chart below shows the one year performance of PNC.PRP shares, versus PNC:
Below is a dividend history chart for PNC.PRP, showing historical dividend payments on PNC Financial Services Group's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series P :
In Tuesday trading, PNC Financial Services Group's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series P (NYSE:PNC.PRP) is currently down about 0.5% on the day, while the common shares (NYSE:PNC) are up about 1.7%.
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