PNC Financial Services Group 6.125% Fixed to Floating Non Cumulative, Perpetual Preferred Stock

By: ,


S&P Rating   BBB   Moodys Rating   Baa3

Security Ticker Symbol   PNC-P


Market Traded ON   NYSE

Dividend Payment Paid on the 1st of February, May, August and November beginning on 06/01/2013

Quarterly Dividend   .383   Annual Dividend   1.531

Dividends will be fixed at 6.125% until 5/1/2022 and then dividend will float at 3 month libor plus 4.0675%

Securities may be redeemed, at the issuers option, as early as 05/01/2022 for a redemption price of $25/share plus accrued dividends


Dividend Payment Will Likely be a Qualified Distributions

Maturity Date   None


Company Investor Relations Page for PNC Financial

Below you can find the offering Prospectus and Final Pricing Document

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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