PEOPLES BANCORP INC. DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

On January 24, 2022, the Board of Directors of Peoples Bancorp Inc. (Nasdaq: PEBO) declared a quarterly cash dividend of $0.36 per share, totaling approximately $10.2 million, payable on February 22, 2022. This dividend represents 36.5% of their reported Q4 2021 earnings and offers an annualized yield of 4.43% based on a closing stock price of $32.47 as of January 21, 2022. Peoples Bancorp, a diversified financial services company, reported total assets of $7.1 billion as of December 31, 2021.

Positive

• Declared quarterly cash dividend of $0.36 per share, enhancing shareholder returns.
• Annualized yield of 4.43% indicates attractive income for shareholders.
• Dividend payout represents 36.5% of Q4 2021 earnings, demonstrating financial stability.

Negative

• None.

MARIETTA, Ohio, Jan. 25, 2022 /PRNewswire/ -- The Board of Directors of Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO) declared a quarterly cash dividend of $0.36 per common share on January 24, 2022, payable on February 22, 2022, to shareholders of record on February 7, 2022.

This dividend represents a payout of approximately $10.2 million, or 36.5% of Peoples' reported fourth quarter 2021 earnings.  Based on the closing stock price of Peoples' common shares of $32.47 on January 21, 2022, the quarterly dividend produces an annualized yield of 4.43%.

Peoples Bancorp Inc. is a diversified financial services holding company and makes available a complete line of banking, trust and investment, insurance and premium financing solutions through its subsidiaries.  Peoples Bank has been headquartered in Marietta, Ohio since 1902.  Peoples has established a heritage of financial stability, growth and community impact.  Peoples had $7.1 billion in total assets as of December 31, 2021, and 135 locations, including 119 full-service bank branches in Ohio, Kentucky, West Virginia, Virginia, Washington D.C., and Maryland.  Peoples is a member of the Russell 3000 index of U.S. publicly-traded companies. Learn more about Peoples at www.peoplesbancorp.com.

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SOURCE Peoples Bancorp Inc.

FAQ

What is the amount of the quarterly dividend declared by Peoples Bancorp Inc. (PEBO)?

Peoples Bancorp Inc. declared a quarterly cash dividend of $0.36 per share.

When will the dividend for PEBO be paid?

The dividend will be payable on February 22, 2022.

What is the annualized yield of the dividend declared by PEBO?

The annualized yield of the dividend is 4.43%.

What percentage of earnings does the dividend payout represent for PEBO?

The dividend payout represents 36.5% of Peoples Bancorp's reported fourth quarter 2021 earnings.