PNC Maintains Its Dividend

PNC Financial Services Group (PNC), a diversified financial services company, has maintained its quarterly dividend during the current the bank meltdown. PNC will pay a 66 cent regular dividend in July after it increased its quarterly dividend from 63 to 66 cents in April 2008. The bank has a long history of increasing its dividend.

PNC's operations include retail, corporate and institutional banking, global investing services and asset management through its 34 percent stake in BlackRock (BLK), a large investment management company.

PNC's current dividend yield is 4.60 percent.

I (RAH) do not own PNC.

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Posted July 18, 2008.