(Reuters) - The higher dividend is payable on April 24 to shareholders of record as of April 13.
Profit for Pittsburgh-based PNC nearly doubled last year to $2.6 billion, or $8.73 per share, largely from a gain related to its BlackRock Inc. money management affiliate. PNC has also cut costs and repositioned its balance sheet to reduce interest-rate risk.
Read more at Reuters.com Market News
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