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Peoples Bancorp Announces Special Cash Dividend

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The Board of Directors of Peoples Bancorp of North Carolina (Nasdaq: PEBK) announced a special cash dividend of $0.15 per share, payable on February 16, 2022, to shareholders of record by February 4, 2022. Shareholders are encouraged to participate in the Dividend Reinvestment and Stock Purchase Plan for further investment opportunities. Peoples Bank operates 17 banking offices across several North Carolina counties. This announcement emphasizes financial stability and commitment to returning value to shareholders.

Positive
  • Declaration of a special cash dividend of $0.15 per share, highlighting financial stability.
  • Encouragement for shareholders to enroll in the Dividend Reinvestment and Stock Purchase Plan.
Negative
  • None.

NEWTON, N.C., Jan. 21, 2022 (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 16, 2022 to shareholders of record on February 4, 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, 2020, 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 amount of the special cash dividend declared by PEBK?

The special cash dividend declared by PEBK is $0.15 per share.

When will the special cash dividend for PEBK shareholders be paid?

The special cash dividend will be paid on February 16, 2022.

Who are eligible shareholders for the PEBK dividend?

Shareholders of record on February 4, 2022, are eligible for the dividend.

What is the significance of the Dividend Reinvestment and Stock Purchase Plan for PEBK shareholders?

The plan allows shareholders to reinvest dividends for additional shares, potentially increasing their investment.

Peoples Bancorp of North Carol

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Banks - Regional
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United States of America
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