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Peoples Bancorp Announces Cash Dividend

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Peoples Bancorp of North Carolina, Inc. (Nasdaq: PEBK) has declared a regular cash dividend of $0.15 per share for Q3 2020. This dividend will be paid on September 15, 2020 to shareholders of record as of September 3, 2020. Shareholders are encouraged to participate in the Dividend Reinvestment and Stock Purchase Plan. The company operates 19 banking offices across North Carolina, enhancing shareholder value through consistent dividend payments.

Positive
  • Declared a regular cash dividend of $0.15 per share.
  • Dividend payment reflects ongoing commitment to shareholder returns.
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  • None.

NEWTON, N.C., Aug. 21, 2020 (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 third quarter of 2020 in the amount of $0.15 per share.  The third quarter cash dividend will be paid on September 15, 2020 to shareholders of record on September 3, 2020.    

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 19 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, and Durham 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, 2019, 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, Fax 828-465-6780


FAQ

What is the dividend amount for PEBK in Q3 2020?

The dividend amount for PEBK in Q3 2020 is $0.15 per share.

When will the dividend for PEBK be paid?

The dividend will be paid on September 15, 2020.

What is the record date for the PEBK dividend?

The record date for the PEBK dividend is September 3, 2020.

How can shareholders participate in the Dividend Reinvestment and Stock Purchase Plan?

Shareholders can participate by contacting Krissy Price or the transfer agent Broadridge Corporate Issuer Solutions, Inc.

Peoples Bancorp of North Carol

NASDAQ:PEBK

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