Peoples Bancorp Inc. Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Peoples Bancorp declared a quarterly cash dividend of $0.35 per share, totaling approximately $6.8 million, which is 33.3% of reported Q4 2020 earnings. The dividend is payable on February 22, 2021, to shareholders of record as of February 8, 2021. With a closing stock price of $30.00 on the declaration date, this dividend yields an annualized rate of 4.67%. Peoples Bancorp offers diversified financial services and has total assets of $4.8 billion as of December 31, 2020.

Positive

• Quarterly cash dividend of $0.35 per share announced.
• Dividend payout of approximately $6.8 million enhances shareholder income.
• Annualized yield of 4.67% based on recent stock price.

Negative

• None.

MARIETTA, Ohio, Jan. 26, 2021 /PRNewswire/ -- The Board of Directors of Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO) declared a quarterly cash dividend of $0.35 per common share on January 25, 2021, payable on February 22, 2021, to shareholders of record on February 8, 2021.

This dividend represents a payout of approximately $6.8 million, or 33.3% of Peoples' reported fourth quarter 2020 earnings.  Based on the closing stock price of Peoples' common shares of $30.00 on January 25, 2021, the quarterly dividend produces an annualized yield of 4.67%.

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.  Headquartered in Marietta, Ohio since 1902.  Peoples has established a heritage of financial stability, growth and community impact.  Peoples had $4.8 billion in total assets as of December 31, 2020, and 88 locations, including 76 full-service bank branches in Ohio, Kentucky and West Virginia.  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 announced by Peoples Bancorp?

The announced dividend amount is $0.35 per share.

When is the dividend payable for Peoples Bancorp?

The dividend is payable on February 22, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is February 8, 2021.

What percentage of earnings is the dividend payout?

The dividend payout represents 33.3% of Peoples' reported fourth quarter 2020 earnings.

What is the annualized yield of the dividend based on the stock price?

The annualized yield is 4.67% based on a closing stock price of $30.00.