PEOPLES BANCORP INC. DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Peoples Bancorp Inc. declared a quarterly cash dividend of $0.40 per common share, representing a payout of approximately $14.2 million and an annualized yield of 5.62%. The company reported first quarter 2024 earnings and had $9.3 billion in total assets as of March 31, 2024. Peoples offers a range of financial services through its subsidiaries and operates 152 locations across several states.

Positive

• Peoples Bancorp Inc. declared a generous quarterly cash dividend of $0.40 per common share.
• The dividend payout amounts to approximately $14.2 million, representing 48.0% of Peoples' first quarter 2024 earnings.
• The annualized yield of the dividend stands at an attractive 5.62% based on the closing stock price of $28.49 on April 19, 2024.
• As of March 31, 2024, Peoples Bancorp Inc. reported total assets amounting to $9.3 billion.
• Peoples Bancorp Inc. operates 152 locations, including 133 full-service bank branches in multiple states.
• Peoples Bancorp Inc. is a member of the Russell 3000 index of U.S. publicly-traded companies.

Negative

• None.

MARIETTA, Ohio, April 23, 2024 /PRNewswire/ -- The Board of Directors of Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO) declared a quarterly cash dividend of $0.40 per common share on April 22, 2024, payable on May 20, 2024, to shareholders of record on May 6, 2024.

This dividend represents a payout of approximately $14.2 million, or 48.0% of Peoples' reported first quarter 2024 earnings. Based on the closing stock price of Peoples' common shares of $28.49 on April 19, 2024, the quarterly dividend produces an annualized yield of 5.62%.

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 $9.3 billion in total assets as of March 31, 2024, and 152 locations, including 133 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.

View original content:https://www.prnewswire.com/news-releases/peoples-bancorp-inc-declares-quarterly-dividend-302124469.html

SOURCE Peoples Bancorp Inc.

FAQ

What was the quarterly cash dividend declared by Peoples Bancorp Inc.?

Peoples Bancorp Inc. declared a quarterly cash dividend of $0.40 per common share.

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

The annualized yield of the dividend is 5.62% based on the closing stock price of $28.49 on April 19, 2024.

How much were Peoples Bancorp Inc.'s total assets as of March 31, 2024?

Peoples Bancorp Inc. reported total assets amounting to $9.3 billion as of March 31, 2024.

Where is Peoples Bancorp Inc. headquartered?

Peoples Bancorp Inc. has been headquartered in Marietta, Ohio since 1902.

How many locations does Peoples Bancorp Inc. operate?

Peoples Bancorp Inc. operates 152 locations, including 133 full-service bank branches in multiple states.

What index is Peoples Bancorp Inc. a member of?

Peoples Bancorp Inc. is a member of the Russell 3000 index of U.S. publicly-traded companies.