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Peoples Bancorp Announces Cash Dividend

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Peoples Bancorp of North Carolina has declared a cash dividend of $0.18 per share for the third quarter of 2022. Shareholders of record as of September 2, 2022, will receive the payment on September 15, 2022. This regular dividend reflects the Company's ongoing commitment to returning value to its shareholders. Additionally, shareholders are encouraged to participate in the Dividend Reinvestment and Stock Purchase Plan for further investment opportunities. Peoples Bank operates 17 offices across North Carolina, enhancing local banking accessibility.

Positive
  • Declared a cash dividend of $0.18 per share for Q3 2022, promoting shareholder value.
  • Encourages participation in the Dividend Reinvestment and Stock Purchase Plan, enhancing investment opportunities.
Negative
  • None.

NEWTON, N.C., Aug. 19, 2022 (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 2022 in the amount of $0.18 per share. The third quarter cash dividend will be paid on September 15, 2022 to shareholders of record on September 2, 2022.

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, 2021, 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 for Peoples Bancorp of North Carolina for Q3 2022?

The dividend amount declared is $0.18 per share.

When will the cash dividend be paid to shareholders?

The cash dividend will be paid on September 15, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is September 2, 2022.

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

Shareholders can enroll in the plan by contacting Krissy Price at 828-464-5620.

Peoples Bancorp of North Carol

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Banks - Regional
State Commercial Banks
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United States of America
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