PNC Financial Services Group Stock To Go Ex-dividend Tomorrow (PNC)

NEW YORK ( TheStreet) -- The ex-dividend date for PNC Financial Services Group (NYSE: PNC) is tomorrow, April 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $62.47 as of 9:30 a.m. ET, the dividend yield is 2.6%.

The average volume for PNC Financial Services Group has been 3.5 million shares per day over the past 30 days. PNC Financial Services Group has a market cap of $33.05 billion and is part of the financial sector and banking industry. Shares are up 8.3% year to date as of the close of trading on Wednesday.

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States and internationally. The company's Retail Banking segment provides deposit, lending, brokerage, investment management, and cash management services. The company has a P/E ratio of 10.9, below the average banking industry P/E ratio of 11.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates PNC Financial Services Group as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, increase in stock price during the past year, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full PNC Financial Services Group Ratings Report.

See our dividend calendar or top-yielding stocks list.
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