Peoples Ltd. Declares First Quarter Dividend

Rhea-AI Summary

Peoples Ltd. (OTC: PPLL) has announced a first quarter cash dividend of $0.57 per share, reflecting an 8.8% increase from $0.52 paid in the same quarter of 2020. The dividend will be payable on March 31, 2021, to shareholders on record as of March 15, 2021. This decision was made during the Board of Directors' meeting on February 24, 2021. The announcement underscores the company's commitment to returning value to its shareholders.

Positive

• Dividend increase of 8.8% reflects strong financial performance.
• Cash dividend of $0.57 shows confidence in future earnings.

Negative

• None.

WYALUSING, Pa., Feb. 25, 2021 /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 $0.57 per share payable on March 31, 2021.  The cash dividend represents an 8.8% increase over the cash dividend paid in the first quarter 2020 of $0.52 as adjusted for the 2020 year-end 5% stock dividend.

The declaration of dividend, made at the regular meeting of the Board of Directors on February 24, 2021, is payable to shareholders of record March 15, 2021. 

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 PSBanking.com.

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SOURCE Peoples LTD

FAQ

What is the dividend amount declared by Peoples Ltd. (PPLL) for the first quarter of 2021?

Peoples Ltd. has declared a cash dividend of $0.57 per share for the first quarter of 2021.

When will the dividend for Peoples Ltd. (PPLL) be paid?

The dividend will be payable on March 31, 2021.

What was the previous dividend amount before the increase for Peoples Ltd. (PPLL)?

The previous dividend amount was $0.52 per share, adjusted for the 5% stock dividend in 2020.

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

The record date for the dividend payment is March 15, 2021.