On Monday, The PNC Financial Services Group, Inc. (NYSE:PNC)’s shares declined -0.85%, and closed at $92.49, as The board of directors of The PNC Financial Services, declared a quarterly cash dividend on the common stock of 51 cents per share, an increase of 3 cents per share, or 6 percent, from the first quarter dividend of 48 cents per share. The dividend is payable on May 5, 2015 to shareholders of record at the close of business April 15, 2015.
The board also declared a cash dividend on the following series of preferred stocks:
- Series B: a quarterly dividend of 45 cents per share will be payable on June 10, 2015 to shareholders of record at the close of business May 22, 2015.
- Series P: a quarterly dividend of $1,531.25 per share ($.3828125 per each depositary share, 4,000 of which represent one share of Series P preferred stock) will be payable on May 1, 2015 to shareholders of record at the close of business April 15, 2015.
- Series Q: a quarterly dividend of $1,343.75 per share ($.3359375 per each depositary share, 4,000 of which represent one share of Series Q preferred stock) will be payable on June 1, 2015 to shareholders of record at the close of business May 15, 2015.
- Series R: a semi-annual dividend of $2,425.00 per share ($24.25 per each depositary share, 100 of which represent one share of Series R preferred stock) will be payable on June 1, 2015 to shareholders of record at the close of business May 15, 2015.
The PNC Financial Services Group, Inc. operates as a diversified financial services corporation in the United States. It operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Administration Group, Residential Mortgage Banking, BlackRock, and Non-Planned Assets Portfolio.
Host Hotels & Resorts, Inc. (NYSE:HST)’s shares dropped -0.73%, and settled at $20.34, during the last trading session on Monday, as Host Hotels & Resorts, will report financial results for the first quarter 2015 prior to market open on Thursday, April 30, followed by a conference call at 9:00 a.m. Eastern Time (ET). Management will discuss the Company’s first quarter 2015 results and its business outlook for 2015.
Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. It also invests in Canada, Mexico, Chile, the United Kingdom, Italy, Spain, and Poland.
On the other hand, on April 1, In support of Financial Literacy Month, SunTrust Banks, Inc. (NYSE:STI), has teamed up with Junior Achievement (JA) to provide financial education to students through a series of events in Georgia, Florida, Maryland, Tennessee and Virginia during April.
SunTrust volunteers will work with elementary, middle and high school students using JA’s curriculum to foster work-readiness, entrepreneurship, financial literacy skills and experiential learning to inspire students to dream big and reach their potential.
JA programs educate more than 4.5 million students in the United States each year. SunTrust was recently honored by JA with the President’s Volunteer Service Award for providing more than 5,000 volunteer hours and reaching more than 120,000 students in the Atlanta community during the 2013-2014 school year. SunTrust is also a presenting sponsor of Junior Achievement’s Chick-fil-A Foundation Discovery Center in Atlanta.
SunTrust Banks, Inc. operates as the holding corporation for SunTrust Bank that provides various financial services in the United States. The corporation operates in three segments: Consumer Banking and Private Wealth Administration, Wholesale Banking, and Mortgage Banking.
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