PEOPLES BANCORP INC. DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Peoples Bancorp Inc. (PEBO) declared a quarterly cash dividend of $0.38 per common share on January 23, 2023, with a payment date set for February 21, 2023. This dividend totals approximately $10.8 million, representing 40.1% of the reported fourth quarter 2022 earnings. Based on the closing stock price of $28.31 on January 20, 2023, the annualized yield stands at 5.37%. As of December 31, 2022, Peoples reported total assets of $7.2 billion and operates 130 locations across various states.

Positive

• Declared a quarterly cash dividend of $0.38 per share.
• Dividend payment represents a yield of 5.37% based on recent stock price.
• Payout of approximately $10.8 million indicates strong earnings.

Negative

• None.

MARIETTA, Ohio, Jan. 24, 2023 /PRNewswire/ -- The Board of Directors of Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO) declared a quarterly cash dividend of $0.38 per common share on January 23, 2023, payable on February 21, 2023, to shareholders of record on February 6, 2023.

This dividend represents a payout of approximately $10.8 million, or 40.1% of Peoples' reported fourth quarter 2022 earnings.  Based on the closing stock price of Peoples' common shares of $28.31 on January 20, 2023, the quarterly dividend produces an annualized yield of 5.37%.

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 $7.2 billion in total assets as of December 31, 2022, and 130 locations, including 113 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 dividend amount declared by Peoples Bancorp Inc.?

Peoples Bancorp Inc. declared a dividend of $0.38 per common share.

When will the dividend be paid to shareholders?

The dividend will be paid on February 21, 2023.

What percentage of earnings does the dividend represent?

The dividend represents approximately 40.1% of the fourth quarter 2022 earnings.

What is the annualized yield of the dividend?

The annualized yield is 5.37% based on the closing stock price of $28.31.

How much did Peoples Bancorp Inc. report in total assets?

Peoples Bancorp Inc. reported total assets of $7.2 billion as of December 31, 2022.