Peoples Ltd. Declares First Quarter Dividend and Implementation of a Dividend Reinvestment and Stock Purchase Plan

Rhea-AI Summary

Peoples Ltd. (OTC: PPLL) has declared a first quarter cash dividend of $0.58 per share, an increase of 6.82% from the previous year's dividend of $0.54. This dividend is payable on March 31, 2022, to shareholders of record by March 15, 2022. Additionally, the company has introduced a Dividend Reinvestment and Stock Purchase Plan for 2022. The announcement was made during the Board of Directors' meeting on February 23, 2022.

Positive

• Dividend increased to $0.58 per share, a 6.82% rise from 2021.
• Dividend Reinvestment and Stock Purchase Plan implemented for 2022.

Negative

• None.

WYALUSING, Pa., Feb. 24, 2022 /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 $0.58 per share payable on March 31, 2022.  The cash dividend represents an 6.82% increase over the cash dividend paid in the first quarter 2021 of $0.54 as adjusted for the 2021 year-end 5% stock dividend.

The declaration of dividend, made at the regular meeting of the Board of Directors on February 23, 2022, is payable to shareholders of record March 15, 2022. 

Mr. Gabello also announced that the Board of Directors has implemented a Dividend Reinvestment and Stock Purchase Plan effective for calendar year 2022 for existing shareholders.  A copy of the announcement letter to shareholders as well as instructions to view the offering documents can be found on our website, www.PSBanking.com.  

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.

View original content:https://www.prnewswire.com/news-releases/peoples-ltd-declares-first-quarter-dividend-and-implementation-of-a-dividend-reinvestment-and-stock-purchase-plan-301490191.html

SOURCE Peoples Ltd.

FAQ

What is the dividend amount declared by Peoples Ltd. (PPLL) for Q1 2022?

Peoples Ltd. declared a cash dividend of $0.58 per share for Q1 2022.

When is the dividend payment date for Peoples Ltd. (PPLL)?

The dividend payment date for Peoples Ltd. is March 31, 2022.

What is the record date for the Q1 2022 dividend of Peoples Ltd. (PPLL)?

The record date for the Q1 2022 dividend is March 15, 2022.

Is there a Dividend Reinvestment Plan available for Peoples Ltd. (PPLL) shareholders?

Yes, Peoples Ltd. has implemented a Dividend Reinvestment and Stock Purchase Plan for 2022.

How much was the dividend increased from the previous year by Peoples Ltd. (PPLL)?

The dividend was increased by 6.82% from $0.54 in the first quarter of 2021.