Peoples Bancorp Announces Cash Dividend

Rhea-AI Summary

Peoples Bancorp of North Carolina, Inc. declares a regular cash dividend of $0.19 per share for the first quarter of 2024. The dividend will be paid on March 15, 2024, to shareholders of record on March 4, 2024. Shareholders can enroll in the Dividend Reinvestment and Stock Purchase Plan.

NEWTON, N.C., Feb. 23, 2024 (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 2024 in the amount of $0.19 per share. The first quarter cash dividend will be paid on March 15, 2024 to shareholders of record on March 4, 2024.

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, 2022, 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 amount of the regular cash dividend declared by Peoples Bancorp of North Carolina, Inc. for the first quarter of 2024?

Peoples Bancorp of North Carolina, Inc. declared a regular cash dividend of $0.19 per share for the first quarter of 2024.

When will the first quarter cash dividend be paid to shareholders?

The first quarter cash dividend will be paid on March 15, 2024, to shareholders of record on March 4, 2024.

Where is the common stock of Peoples Bancorp of North Carolina, Inc. publicly traded?

The common stock of Peoples Bancorp of North Carolina, Inc. is publicly traded on the Nasdaq Global Market under the symbol 'PEBK.'

How many banking offices does Peoples Bank, the subsidiary of Peoples Bancorp of North Carolina, Inc., operate?

Peoples Bank operates 17 banking offices entirely in North Carolina, with additional loan production offices in various counties.

How can shareholders enroll in the Company's Dividend Reinvestment and Stock Purchase Plan?

Shareholders can contact Krissy Price at (828) 464-5620 or (800) 948-7195 or email Broadridge Corporate Issuer Solutions, Inc. at shareholder@broadridge.com for details on enrolling in the plan.