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Monday, March 21, 2011

PNC Set to Increase Dividend (NYSE: PNC)

NEW YORK - Major U.S. Banks announced dividend increases on Friday. The banks to officially raise dividends include: J.P Morgan, Wells Fargo and U.S. Bancorp. PNC Financial said it will decide on a dividend increase in April. The company currently pays a dividend of 10 cents which is equivalent to $52 million a quarter.

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