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Peoples Bancorp Announces Cash Dividend

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Peoples Bancorp of North Carolina has announced a regular cash dividend of $0.19 per share for the first quarter of 2023. This dividend will be disbursed on March 15, 2023, to shareholders of record as of March 3, 2023. The company encourages participation in its Dividend Reinvestment and Stock Purchase Plan. Peoples Bank operates 17 banking offices across North Carolina and has loan production offices in multiple counties. The company is publicly traded on Nasdaq under the symbol PEBK. Forward-looking statements in the release highlight potential risks based on management’s current information.

Positive
  • Regular cash dividend of $0.19 per share enhances shareholder income.
  • Dividend payment scheduled for March 15, 2023, indicates financial stability.
Negative
  • None.

NEWTON, N.C., Feb. 17, 2023 (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 first quarter of 2023 in the amount of $0.19 per share. The first quarter cash dividend will be paid on March 15, 2023 to shareholders of record on March 3, 2023.

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 declared by Peoples Bancorp for Q1 2023?

Peoples Bancorp declared a cash dividend of $0.19 per share for the first quarter of 2023.

When will the dividend be paid to shareholders of Peoples Bancorp?

The dividend will be paid on March 15, 2023.

What is the record date for the dividend payment for PEBK?

The record date for the dividend payment is March 3, 2023.

How can shareholders enroll in the Dividend Reinvestment Plan?

Shareholders can contact Krissy Price at (828) 464-5620 or email Broadridge Corporate Issuer Solutions at shareholder@broadridge.com.

Peoples Bancorp of North Carol

NASDAQ:PEBK

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