Peoples Ltd. Declares First Quarter Dividend

Rhea-AI Summary

Peoples Ltd. (OTC: PPLL) announced a first quarter cash dividend of $0.60 per share, payable on March 31, 2023. This marks a 9.05% increase over the previous year's first quarter dividend. The Board of Directors declared this dividend during their meeting on February 22, 2023. Shareholders of record as of March 15, 2023 will receive the payment. The announcement indicates the company's commitment to returning value to shareholders, reflecting ongoing business stability.

Positive

• First quarter cash dividend of $0.60 per share.
• 9.05% increase compared to the previous year's dividend.

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• None.

WYALUSING, Pa., Feb. 23, 2023 /PRNewswire/ -- Peoples Ltd. (OTC: PPLL) Anthony J. Gabello, President and Chief Executive Officer of Peoples Ltd., has announced that the Board of Directors has declared a first quarter cash dividend in the amount of $0.60 per share payable on March 31, 2023. The cash dividend represents a 9.05% increase over the cash dividend paid in the first quarter 2022.

The declaration of dividend, made at the regular meeting of the Board of Directors on February 22, 2023, is payable to shareholders of record March 15, 2023. 

Note: This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include operating, legal and regulatory risks; changing economic and competitive conditions and other risks and uncertainties.

Peoples Ltd. is the holding company for PS Bank. PS Bank is an independent community bank established in 1914 with locations throughout Bradford, Sullivan, Wyoming, Lackawanna, and Susquehanna counties. 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 first quarter?

Peoples Ltd. declared a cash dividend of $0.60 per share for the first quarter.

When is the dividend payment date for Peoples Ltd.?

The dividend payment date for Peoples Ltd. is March 31, 2023.

What was the percentage increase in the dividend amount compared to last year?

The dividend amount represents a 9.05% increase over the first quarter dividend paid in 2022.

Who is eligible to receive the dividend from Peoples Ltd.?

Shareholders of record as of March 15, 2023, are eligible to receive the dividend.