PNC Financial raises quarterly dividend 6%, authorizes up to 100M share buyback

PNC Financial (PNC) said it plans to recommend to its board of directors an increase in the quarterly cash dividend on common stock of 10c per share, or 6%, to $1.70 per share in the third quarter of 2025, consistent with the current capital plan approved by its board. PNC’s board of directors is expected to consider this recommendation at its next scheduled meeting on July 3, 2025. “Consistent with the SCB framework, which allows for capital returns in amounts in excess of the SCB minimum levels, our board of directors has authorized a repurchase framework under the previously approved repurchase program of up to 100 million common shares, of which approximately 41% were still available for repurchase at March 31, 2025,” the company said. “Share repurchase activity in the third quarter of 2025 is expected to be generally consistent with our share repurchase levels in the second quarter of 2025. PNC continues to evaluate and may adjust share repurchase activity, as actual amounts and timing are dependent on market and economic conditions as well as other factors.”