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PNC Financial Services Group's Preferred Stock, Series P Yield Pushes Past 5.5%

In trading on Tuesday, shares of PNC Financial Services Group's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series P (PNC. RP) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.5312), with shares changing hands as low as $27.65 on the day.
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