The PNC Financial Services Group, Inc. (NYSE:PNC) news includes PNC stock is about to trade ex-dividend in the next 3 days. PNC reached at $158.57 price level during last trade its distance from 20 days simple moving average was -0.51%, and its distance from 50 days simple moving average was 2.52% while it has a distance of 13.51% from the 200 days simple moving average.
Regular readers will know that we love our dividends at Simply Wall St, which is why it’s exciting to see The PNC Financial Services Group, Inc. (NYSE:PNC) is about to trade ex-dividend in the next 3 days. Investors can purchase shares before the 16th of January in order to be eligible for this dividend, which will be paid on the 5th of February.
PNC Financial Services Group’s next dividend payment will be US$1.15 per share, and in the last 12 months, the company paid a total of US$4.60 per share. Based on the last year’s worth of payments, PNC Financial Services Group has a trailing yield of 2.9% on the current stock price of $158.57. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to check whether the dividend payments are covered, and if earnings are growing.
Have Earnings And Dividends Been Growing?
Businesses with strong growth prospects usually make the best dividend payers, because it’s easier to grow dividends when earnings per share are improving. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. This is why it’s a relief to see PNC Financial Services Group earnings per share are up 8.5% per annum over the last five years.
Another key way to measure a company’s dividend prospects is by measuring its historical rate of dividend growth. In the past ten years, PNC Financial Services Group has increased its dividend at approximately 28% a year on average. We’re glad to see dividends rising alongside earnings over a number of years, which may be a sign the company intends to share the growth with shareholders.
Is PNC Financial Services Group worth buying for its dividend? PNC Financial Services Group has seen its earnings per share grow slowly in recent years, and the company reinvests more than half of its profits in the business, which generally bodes well for its future prospects. In summary, PNC Financial Services Group appears to have some promise as a dividend stock, and we’d suggest taking a closer look at it.
Past 5 years growth of PNC observed at 7.70%, and for the next five years the analysts that follow this company are expecting its growth at 5.60%. The average true range (ATR) is a measure of volatility introduced by Welles Wilder in his book, “New Concepts in Technical Trading Systems.” The true range indicator is the greatest of the following: current high less the current low, the absolute value of the current high less the previous close and the absolute value of the current low less the previous close. The average true range is a moving average, generally 14 days, of the true ranges.
The PNC Financial Services Group, Inc. has an average true range (ATR) of 2.14. Other technical indicators are worth considering in assessing the prospects for EQT. PNC’s price to sales ratio for trailing twelve months was 5.10 and price to book ratio for most recent quarter was 1.42, whereas price to cash per share for the most recent quarter was 2.84. The Company’s price to free cash flow for trailing twelve months was 15.39. Its quick ratio for most recent quarter was N/A. Analysts mean recommendation for the stock was 2.70. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
Should You Go With High Insider Ownership?
Many value investors look for stocks with a high percent of insider ownership, under the theory that when management are shareholders, they will act in its own self interest, and create shareholder value in the long-term. This aligns the interests of shareholders with management, thus benefiting everyone. While this sounds great in theory, high insider ownership can actually lead to the opposite result, a management team that is unaccountable because they can keep their jobs under almost any circumstance.
The PNC Financial Services Group, Inc.‘s shares owned by insiders remained 0.20%, whereas shares owned by institutional owners are 83.30%.
Meanwhile, PNC traded under umbrella of Financial sector, the stock was traded -1.99% ahead of its 52-week high and 35.33% beyond its 52-week low. So, both the price and 52-week high indicators would give you a clear-cut picture to evaluate the price direction.
As of this writing, Clark Joseph did not hold a position in any of the aforementioned securities.