Shareholders of Pittsburgh’s biggest bank will realize a higher payout if the board of PNC Financial Services Group Inc. greenlights increasing the quarterly cash dividend on common stock to 95 cents per share.
PNC (NYSE:PNC) said the Federal Reserve System board accepted its capital plan and did not object to its proposed capital actions, including a recommendation to increase the quarterly cash dividend by 20 cents per share, or 27 percent, in the third quarter of 2018. PNC’s board is expected…
