Peoples Ltd. Declares Cash and Stock Dividend

Rhea-AI Summary

Peoples Ltd. (OTC:PPLL) has declared a fourth quarter cash dividend of $0.62 per share and a 5% stock dividend. The cash dividend represents a 9.06% increase over the previous year. Total cash dividends paid in 2023 of $2.44 represent a 10.02% increase over 2022.

Positive

• Peoples Ltd. declares a 9.06% increase in fourth quarter cash dividend over the previous year.
• Total cash dividends paid in 2023 show a 10.02% increase over 2022.

Negative

• None.

WYALUSING, Pa., Oct. 26, 2023 /PRNewswire/ -- The Board of Directors of Peoples Ltd. (OTC:PPLL), the parent company of PS Bank, has declared a fourth quarter cash dividend of $0.62 per share and a 5% stock dividend payable on December 15, 2023. 

The 2023 fourth quarter dividend represents an 9.06% increase over the regular cash dividend in the fourth quarter of 2022. 

Total cash dividends paid in 2023 of $2.44 represent an increase of 10.02% over the cash dividends paid in 2022.

The cash and stock dividend, declared at the regular meeting of the Board of Directors on October 25, 2023, will be payable to shareholders of record December 1, 2023.

Peoples Ltd. is the holding company for PS Bank.  PS Bank is an independent community bank, established 1914, with locations throughout Bradford, Sullivan, Wyoming, Lackawanna, and Susquehanna counties.  Stock of Peoples Ltd. is traded in the Over-the-Counter market under the symbol PPLL.  Learn more about PS Bank at www.PSBanking.com. 

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SOURCE Peoples Ltd.

FAQ

What is the dividend declared by Peoples Ltd. (OTC:PPLL)?

Peoples Ltd. has declared a fourth quarter cash dividend of $0.62 per share and a 5% stock dividend.

How does the cash dividend compare to the previous year?

The cash dividend represents a 9.06% increase over the regular cash dividend in the fourth quarter of 2022.

What is the increase in total cash dividends paid in 2023 compared to 2022?

Total cash dividends paid in 2023 of $2.44 represent an increase of 10.02% over the cash dividends paid in 2022.

When will the dividends be payable?

The dividends will be payable on December 15, 2023.

What is the stock symbol for Peoples Ltd.?

The stock of Peoples Ltd. is traded in the Over-the-Counter market under the symbol PPLL.