PreferredStockChannel

Slideshow Floating Rate Preferred Stocks

By Preferred Stock Channel Staff, updated Wed, July 17, 6:47 PM

#46. PNC Financial Services Group (The) | Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series P (NYSE:PNC.PRP) | 5.59% CURRENT YIELD

Premium to Liquidation Preference: 9.48%Average Premium in Category: 5.83%
Current Annualized Yield: 5.59%Average Yield in Category: 5.55%
Days Since Last Ex-Div Date: 2 | See Dividend History »Categorization: Financial

Series:P
Alternate symbology:PNC-P, PNC-PP, PNCprP
Redeemable?:Yes
Call Date:5/1/2022
Perpetual?:Yes
Cumulative?:No
Shares Offered:60,000,000
Overallotment:3,000,000
Liquidation Preference:$25
Recent Market Price:$27.39
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$2.39 (9.56%)
Annualized Dividend:1.53125
Recent Ex-Date:7/18/2019
Current Yield:5.59%
Original Coupon:6.125% per annum until 4/30/22, then at a floating rate equal to three-month LIBOR plus a spread of 4.0675% per annum
Pay Period:Quarterly
Pay Dates:1-Feb, 1-May, 1-Aug, 1-Nov
PNC Financial Services Group is a bank holding company. Co. has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management, providing its products and services nationally. Co.'s segments are: Retail Banking, which provides deposit, lending, brokerage, insurance services, investment management and cash management products and services; Corporate and Institutional Banking, which provides lending, treasury management, and capital markets-related products and services; Asset Management Group, which provides personal wealth management; and BlackRock, which provides a range of investment and technology services.

Preferreds: PNC.PRP, PNC.PRL, PNC.PRQ


Open the PNC Information Page »
Name: 
PNC Financial Services Group (The)
Website: 
www.pnc.com
Sector: 
Banking & Savings
Number of ETFs Holding PNC: 
113 (see which ones)
Total Market Value Held by ETFs: 
$6,980,686,453
Total Market Capitalization: 
$63,292,000,000
% of Market Cap. Held by ETFs: 
11.03%

Quotes delayed 20 minutes

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Floating Rate Preferred Stocks - Slide 1 of 46 | www.PreferredStockChannel.com

Copyright © 2010 - 2019, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.