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PNC Declares Dividend of 66 Cents on Common Stock and Initial Dividend on Preferred Stock, Series L and N

PITTSBURGH, Jan. 8 /PRNewswire-FirstCall/ -- The PNC Financial Services Group, Inc. today announced that the board of directors declared a quarterly cash dividend of 66 cents per share on the common stock. The dividend is payable Jan. 24, 2009 to shareholders of record at the close of business January 16, 2009.

The board also declared a quarterly cash dividend on the following preferred stocks:

  • Series A and B: a dividend of 45 cents per share will be payable March 10, 2009 to shareholders of record at the close of business February 16, 2009.
  • Series C: a dividend of 40 cents per share will be payable April 1, 2009 to shareholders of record at the close of business March 6, 2009.
  • Series D: a dividend of 45 cents per share will be payable April 1, 2009 to shareholders of record at the close of business March 6, 2009.
  • Series L: a dividend of $2,468.75 per share ($.6171875 per each depositary share, 4,000 of which represent one share of Series L preferred stock), payable on February 2, 2009 to shareholders of record as of the close of business January 15, 2009.
  • Series N: a dividend of $625.00 per share, payable on February 17, 2009 to holders of record as of the close of business January 30, 2009.

The PNC Financial Services Group, Inc. (www.pnc.com) is one of the nation's largest diversified financial services organizations providing retail and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.

SOURCE: The PNC Financial Services Group, Inc.

Web site: http://www.pnc.com/