PEOPLES FINANCIAL CORPORATION ANNOUNCES A CASH DIVIDEND
Peoples Financial , the parent company of The Peoples Bank, announced a semi-annual cash dividend of $0.18 per common share, payable on June 10, 2024, to shareholders recorded by June 5, 2024. Chairman and CEO Chevis C. Swetman highlighted the company's financial improvement and commitment to returning earnings to shareholders. Founded in 1896, the bank operates 17 branches along the Mississippi Gulf Coast and offers various banking and financial services. The company recently celebrated its third-best year of earnings and was ranked among the 2024 OTCQX Best 50.
- Declared a cash dividend of $0.18 per share.
- Dividend payable on June 10, 2024, to shareholders of record by June 5, 2024.
- Company experienced its third best year of earnings.
- Ranked among the 2024 OTCQX Best 50 companies.
- Operates 17 branches along the Mississippi Gulf Coast.
- Provides comprehensive retail and commercial banking services.
- Trust and investment services department active since 1936.
- No specific financial figures or growth metrics provided in the announcement.
- Potential investor dilution due to regular semi-annual dividend distribution.
- No mention of future growth strategies or market expansion plans.
"We are pleased with our continuing financial improvement, to announce a dividend to our shareholders," said Chevis C. Swetman, Chairman and CEO of the holding company and the bank. "We remain dedicated to returning earnings to our shareholders," he added.
About the Company
Founded in 1896, with
The Company just experienced its third best year of earnings ever and was recently recognized as part of the 2024 OTCQX Best 50, a ranking of the top-performing OTCQX companies in the prior calendar year.
Peoples Financial Corporation's common stock is listed on the OTCQX Best Market under the symbol PFBX. Additional information is available on the Internet at the Company's website, www.thepeoples.com, and at the website of the Securities and Exchange Commission ("SEC"), www.sec.gov.
This news release reflects industry conditions, Company performance and financial results and contains "forward-looking statements,' which may include forecasts of our financial results and condition, expectations for our operations and businesses, and our assumptions for those forecasts and expectations. Do not place undue reliance on forward-looking statements. These forward- looking statements are subject to a number of risk factors and uncertainties which could cause the Company's actual results and experience to differ materially from the anticipated results and expectation expressed in such forward-looking statements.
Factors that could cause our actual results to differ materially from our forward-looking statements are described under "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Regulation and Supervision" in the Company's Annual Report on Form 10- K for the fiscal year ended December 31, 2023, and in other documents subsequently filed by the Company with the Securities and Exchange Commission, available at the SEC's website and the Company's website, each of which are referenced above. To the extent that statements in this news release relate to future plans, objectives, financial results or performance by the Company, these statements are deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are generally identified by use of words such as "may," "believe," "expect," "anticipate," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology.
Forward-looking statements represent management's beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. All information is as of the date of this news release. Except to the extent required by applicable law or regulation, the Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
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SOURCE Peoples Financial Corporation
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