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Peoples Bancorp Announces Cash Dividend

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Peoples Bancorp of North Carolina, Inc. (Nasdaq: PEBK) has declared a cash dividend of $0.18 per share for the fourth quarter of 2022, scheduled for payment on December 15, 2022, to shareholders recorded by December 2, 2022. Shareholders are encouraged to take part in the Dividend Reinvestment and Stock Purchase Plan. Operating 17 branches in North Carolina, the bank actively serves communities in multiple counties, reflecting stable operations within the region.

Positive
  • Declaration of a cash dividend of $0.18 per share for Q4 2022, demonstrating financial stability and commitment to returning value to shareholders.
  • Encouragement for shareholders to participate in the Dividend Reinvestment and Stock Purchase Plan, which may increase shareholder engagement and loyalty.
Negative
  • None.

NEWTON, N.C., Nov. 18, 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 fourth quarter of 2022 in the amount of $0.18 per share. The fourth quarter cash dividend will be paid on December 15, 2022 to shareholders of record on December 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 declared by PEBK for Q4 2022?

Peoples Bancorp of North Carolina declared a cash dividend of $0.18 per share for the fourth quarter of 2022.

When will the Q4 2022 dividend be paid to shareholders of PEBK?

The Q4 2022 dividend will be paid on December 15, 2022.

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

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

How can shareholders enroll in the Dividend Reinvestment Plan for PEBK?

Shareholders can contact Krissy Price at (828) 464-5620 or email the transfer agent at shareholder@broadridge.com for details on enrolling in the Dividend Reinvestment and Stock Purchase Plan.

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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