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Peoples Bancorp Announces Cash Dividend

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The Board of Directors of Peoples Bancorp of North Carolina, Inc. announced a cash dividend of $0.17 per share for the third quarter of 2021. This dividend will be paid on September 15, 2021, to shareholders recorded by September 3, 2021. Shareholders are encouraged to enroll in the Company's Dividend Reinvestment and Stock Purchase Plan for more benefits. Peoples Bank operates 17 banking offices in North Carolina, and its stock is traded on Nasdaq under the symbol PEBK.

Positive
  • Regular cash dividend of $0.17 per share enhances shareholder income.
  • Encouragement for stock purchase plan indicates company confidence.
Negative
  • None.

NEWTON, N.C., Aug. 20, 2021 (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 2021 in the amount of $0.17 per share. The third quarter cash dividend will be paid on September 15, 2021 to shareholders of record on September 3, 2021.

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, and Rowan 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, 2020, 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 and payment date for PEBK in 2021?

Peoples Bancorp of North Carolina declared a cash dividend of $0.17 per share, payable on September 15, 2021.

What is the record date for the PEBK dividend?

The record date for the dividend is September 3, 2021.

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

Shareholders can enroll by contacting Krissy Price at 828-464-5620 or through Broadridge Corporate Issuer Solutions, Inc.

Peoples Bancorp of North Carol

NASDAQ:PEBK

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