PNC It's Dynamite (NYSE: PNC)

NEW YORK - PNC Financial shines once again, as they increased their dividend by 250% to 35 cents a share. This will be the second largest dividend yield of recent dividend raisers, based on current market prices, only second to USB. U.S. Bancorp with 15 cents a share has a dividend yield of 2.2%, PNC now has one of 2.18% and J.P Morgan has one of 2.12%.

PNC Financial is largely seen as one of the banks that did it the right way during the financial crisis. Instead of stumbling the bank used the crisis to expand. The bank borrowed TARP money to help finance a purchase of National City Corporation. The bank has successfully converted that entire brand into PNC locations.

The stock is up slightly on the news, it was up more before but it is now participating in a market decline.