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Peoples Bancorp Announces Special Cash Dividend

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Peoples Bancorp of North Carolina, Inc. (Nasdaq: PEBK) has declared a special cash dividend of $0.15 per share, payable on February 15, 2023, to shareholders on record as of February 3, 2023. Shareholders are encouraged to participate in the Dividend Reinvestment and Stock Purchase Plan. The company operates 17 banking offices across various counties in North Carolina and has loan production offices in multiple locations. Forward-looking statements in the release highlight potential risks, which have been outlined in the company's annual report.

Positive
  • Declared a special cash dividend of $0.15 per share
  • Encouraging shareholder participation in Dividend Reinvestment and Stock Purchase Plan
Negative
  • Risks and uncertainties associated with forward-looking statements
  • Potential impact of uncertainties on future performance

NEWTON, N.C., Jan. 20, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Peoples Bancorp of North Carolina, Inc. (Nasdaq: PEBK) is pleased to announce the declaration of a special cash dividend in the amount of $0.15 per share. The special cash dividend will be paid on February 15, 2023 to shareholders of record on February 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

828-464-5620, Fax 828-465-6780


FAQ

What is the special cash dividend amount for PEBK?

The special cash dividend amount is $0.15 per share.

When will the special cash dividend be paid for PEBK?

The dividend will be paid on February 15, 2023.

What is the record date for PEBK's special cash dividend?

The record date for the dividend is February 3, 2023.

How can I enroll in the Dividend Reinvestment and Stock Purchase Plan for PEBK?

Contact Krissy Price at 828-464-5620 or email Broadridge Corporate Issuer Solutions, Inc.

Peoples Bancorp of North Carol

NASDAQ:PEBK

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Banks - Regional
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United States of America
NEWTON