Peoples Bancorp Announces Cash Dividend

Rhea-AI Summary

Peoples Bancorp of North Carolina, headquartered in Newton, NC, announced a regular cash dividend of $0.19 per share for the second quarter of 2024. This dividend will be paid on June 14, 2024, to shareholders recorded by June 3, 2024. The company encourages shareholders to enroll in its Dividend Reinvestment and Stock Purchase Plan for more benefits. Peoples Bank, a subsidiary of Peoples Bancorp, operates 17 banking offices across North Carolina and several loan production offices in key counties. Shares of Peoples Bancorp are traded on the Nasdaq Global Market under the symbol 'PEBK'.

Positive

• Dividends maintained at $0.19 per share, indicating financial stability.
• Dividend payment date set on June 14, 2024, providing consistent returns to shareholders.
• Encouragement for shareholders to participate in the Dividend Reinvestment and Stock Purchase Plan may increase shareholder loyalty and investment.
• Peoples Bancorp operates 17 banking offices and several loan production offices, demonstrating a robust regional presence.

Negative

• No increase in dividend value, which may disappoint some investors seeking higher returns.
• Dividend declaration does not address potential future financial risks or economic uncertainties.

NEWTON, N.C., May 17, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Peoples Bancorp of North Carolina, Inc., Newton, NC (Nasdaq: PEBK) declared the Company’s regular cash dividend for the second quarter of 2024 in the amount of $0.19 per share. The second quarter cash dividend will be paid on June 14, 2024 to shareholders of record on June 3, 2024.

Shareholders are encouraged to enroll in the Company’s Dividend Reinvestment and Stock Purchase Plan. For details, contact Krissy Price at (828) 464-5620 or (800) 948-7195 or you may email any questions to our transfer agent, Broadridge Corporate Issuer Solutions, Inc. at shareholder@broadridge.com.

Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc. operates 17 banking offices entirely in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Iredell and Wake Counties. The Bank also operates loan production offices in Lincoln, Mecklenburg, Rowan, and Forsyth Counties. The Company’s common stock is publicly traded and is quoted on the Nasdaq Global Market under the symbol “PEBK.”

Statements made in this press release, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements are based on information currently available to management and are subject to various risks and uncertainties, including but not limited to those described in Peoples Bancorp of North Carolina, Inc.’s annual report on Form 10-K for the year ended December 31, 2023, under “General Description of Business” and otherwise in the Company’s reports and filings.

Contact:	Lance A. Sellers
	President and Chief Executive Officer
	Jeffrey N. Hooper
	Executive Vice President and Chief Financial Officer
	Phone 828-464-5620

FAQ

What is the dividend amount declared by Peoples Bancorp (PEBK) for Q2 2024?

Peoples Bancorp has declared a regular cash dividend of $0.19 per share for the second quarter of 2024.

When will Peoples Bancorp (PEBK) pay the second quarter 2024 dividend?

The dividend will be paid on June 14, 2024.

What is the record date for the second quarter 2024 dividend of Peoples Bancorp (PEBK)?

The record date for the dividend is June 3, 2024.

What is the stock symbol for Peoples Bancorp?

Peoples Bancorp is traded under the symbol 'PEBK' on the Nasdaq Global Market.

How can shareholders get more information about the Dividend Reinvestment and Stock Purchase Plan of Peoples Bancorp (PEBK)?

Shareholders can contact Krissy Price at (828) 464-5620 or (800) 948-7195, or email Broadridge Corporate Issuer Solutions at shareholder@broadridge.com for more details.