On 2016-07-07, PNC Financial Services Group, Inc. (The) (NYSE:PNC) confirmed the dividend disbursement of $0.55 a share to stockholders as on record 2016-07-18. The dividend release date is 2016-08-05 while ex-dividend date is 2016-07-14.
The shareholders who will keep stock holding till the ex-dividend date will obtain payout. Last year, PNC Financial Services Group, Inc. (The) (NYSE:PNC) paid a total of $0.55 per share in payments. This figure stood at $0.55 a share in the same period a year ago representing a deviation of 6.9149 percent.
Analyst Opinion The market experts layering the stock price projections have established a price target of $93 on the stock. This number is the mean of recommendations offered by 11 brokerages. The bullish and bearish estimate stands at $100 and $84, correspondingly.
Taking the mathematical rating method, the price for PNC Financial Services Group, Inc. (The) (NYSE:PNC) stands at 2.26. Earnings Review PNC Financial Services Group, Inc. (The) (NYSE:PNC) will post its quarterly earnings for the quarter closing on 2016-09-30 by 2016-10-14. For the period ending on 2016-09-30, experts are supposing EPS of $1.77.
Coming to the quarter closing on 2015-12-31, PNC Financial Services Group, Inc. (The) (NYSE:PNC) recorded EPS of $1.82. The reported numbers were lower than the analysts’ projections of $1.75, demonstrating a miss of $0.07 as against reported figures.
A dividend can be defined as the distribution of a part of a company’s earnings. It is decided by the company’s board to selected shareholders. Payouts can be in form of the cash, or as shares of stock.
The dividend may be quoted in the dollar term that is amount each share receives or it can also be in terms of a percent of the present market price. A company’s net earnings can be allocated to equity holders via a dividend, or retained within the company. Even the company can go ahead and deploy net profits to repurchase their own stock in the open markets in a buyback.
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