News Release Details
Financial Press Release
« Back to Financial Press Releases
PNC Appoints New Directors
Hesse is the former president and chief executive officer of
In addition to holding various roles at
Since 2003, Ward has been chairman and chief executive officer of
Ward began his 38 year career at CSX as a research analyst before assuming various management roles with the company and its subsidiaries, including as chairman, president and chief executive officer of
"With these appointments PNC is continuing the evolution of its board and preparing for the anticipated April retirement of three long serving directors. Mr. Hesse and Mr. Ward bring with them the deep knowledge and insights they earned through many years of corporate leadership experience," said
In addition, PNC's board of directors declared a quarterly cash dividend on the common stock of
The board also declared a cash dividend on the following series of preferred stocks:
- Series B: a quarterly dividend of
45 cents per share will be payable onMarch 10, 2016 to shareholders of record at the close of businessFeb. 19, 2016 . - Series O: a semi-annual dividend of
$3,375.00 per share ($33.75 per each depositary share, 100 of which represent one share of Series O preferred stock) will be payable onFeb. 1, 2016 to shareholders of record at the close of businessJan. 19, 2016 . - Series P: a quarterly dividend of
$1,531.25 per share ($.3828125 per each depositary share, 4,000 of which represent one share of Series P preferred stock) will be payable onFeb. 1, 2016 to shareholders of record at the close of businessJan. 19, 2016 . - Series Q: a quarterly dividend of
$1,343.75 per share ($.3359375 per each depositary share, 4,000 of which represent one share of Series Q preferred stock) will be payable onMarch 1, 2016 to shareholders of record at the close of businessFeb. 16, 2016 .
The
CONTACTS:
MEDIA:
Fred Solomon
(412) 762-4550
corporate.communications@pnc.com
INVESTORS:
Bryan K. Gill
(412) 768-4143
investor.relations@pnc.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pnc-appoints-new-directors-300200966.html
SOURCE The