People’s Bank Declares 5% Stock Dividend

Rhea-AI Summary

The Board of Directors of People’s Bank of Commerce (OTC PINK: PBCO) announced a 5% stock dividend for shareholders of record as of August 25, 2021, with payment expected on or about September 22, 2021. This decision reflects the bank's appreciation for shareholder support and acknowledges the strong financial results achieved during the second quarter and year-to-date. Shareholders will receive cash for any fractional shares, as no fractional shares will be issued.

Positive

• 5% stock dividend reflects strong financial performance.
• Cash payment for fractional shares increases shareholder liquidity.

Negative

• None.

The Board of Directors of People’s Bank of Commerce (OTC PINK: PBCO) announced today a five percent (5%) stock dividend payable to all shareholders of record August 25, 2021, payable on or about September 22, 2021. Ken Trautman, CEO, stated “the Board of Directors is pleased to provide this dividend to our shareholders in appreciation of their support and in recognition of the strong financial results the bank has seen for the second quarter and year-to- date.” No fractional shares will be issued, and cash will be paid in lieu of fractional shares.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210721005975/en/

FAQ

What is the dividend amount for PBCO?

The announced dividend amount for PBCO is 5%.

When is the PBCO dividend payment date?

The dividend payment date for PBCO is on or about September 22, 2021.

Who is eligible for the dividend from PBCO?

Shareholders of record as of August 25, 2021, are eligible for the dividend.

Will PBCO issue fractional shares for the dividend?

No fractional shares will be issued; instead, cash will be paid in lieu of fractional shares.