Peoples Ltd. Declares Cash and Stock Dividend

Rhea-AI Summary

Peoples Ltd. (OTC:PPLL) has announced a fourth quarter cash dividend of $0.58 per share and a 5% stock dividend, both payable on December 17, 2021. This cash dividend is an 8.72% increase from the previous year. In total, cash dividends paid in 2021 amounted to $2.30, representing a 9.25% increase compared to $2.11 in 2020, adjusted for the stock dividend. Shareholders of record as of December 3, 2021 will receive these dividends.

Positive

• Declared a cash dividend of $0.58 per share.
• Announced a 5% stock dividend.
• Cash dividend increase of 8.72% from Q4 2020.
• Total cash dividends for 2021 increased by 9.25% over 2020.

Negative

• None.

WYALUSING, Pa., Oct. 28, 2021 /PRNewswire/ -- The Board of Directors of Peoples Ltd. (OTC:PPLL), the parent company of PS Bank, has declared a fourth quarter cash dividend of $0.58 per share and a 5% stock dividend payable on December 17, 2021. 

The 2021 fourth quarter dividend represents an 8.72% increase over the regular cash dividend in the fourth quarter of 2020. 

The cash dividends paid in 2021 of $2.30 represent an increase of 9.25% over the cash dividends paid in 2020 of $2.11 as adjusted to reflect the 2020 year-end 5% stock dividend.

The cash and stock dividend, declared at the regular meeting of the Board of Directors on October 27, 2021, will be payable to shareholders of record as of December 3, 2021.

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 amount declared by Peoples Ltd. for the fourth quarter of 2021?

Peoples Ltd. declared a cash dividend of $0.58 per share for the fourth quarter of 2021.

When will the cash and stock dividends be paid by Peoples Ltd.?

The cash and stock dividends will be payable on December 17, 2021.

What is the percentage increase in cash dividends for 2021 compared to 2020?

Cash dividends for 2021 increased by 9.25% compared to 2020.

What is the date of record for receiving dividends from Peoples Ltd.?

Shareholders of record will be on December 3, 2021, to receive the dividends.