Peoples Ltd. Declares First Quarter Dividend

Rhea-AI Summary

Peoples Ltd. (PPLL) announces a 9.03% increase in first quarter cash dividend to $0.62 per share, payable on March 29, 2024, with a record date of March 15, 2024.

Positive

• Peoples Ltd. declares a first quarter cash dividend of $0.62 per share, a 9.03% increase from the previous year.
• The dividend is payable on March 29, 2024, to shareholders of record on March 15, 2024.
• The announcement was made by Anthony J. Gabello, President and CEO of Peoples Ltd., at the Board of Directors meeting on February 28, 2024.

Negative

• None.

WYALUSING, Pa., Feb. 29, 2024 /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 $0.62 per share payable on March 29, 2024.  The cash dividend represents a 9.03% increase over the cash dividend paid in the first quarter 2023.

The declaration of dividend, made at the regular meeting of the Board of Directors on February 28, 2024, is payable to shareholders of record March 15, 2024. 

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 ticker symbol for Peoples Ltd. mentioned in the press release?

The ticker symbol for Peoples Ltd. is PPLL.

What is the amount of the first quarter cash dividend declared by Peoples Ltd.?

Peoples Ltd. declared a first quarter cash dividend of $0.62 per share.

When is the first quarter cash dividend payable?

The first quarter cash dividend is payable on March 29, 2024.

What is the percentage increase in the cash dividend from the previous year?

The cash dividend represents a 9.03% increase over the dividend paid in the first quarter of 2023.

Who announced the declaration of dividend at Peoples Ltd.?

The declaration of dividend was announced by Anthony J. Gabello, President and CEO of Peoples Ltd.