Peoples Ltd. Declares Second Quarter Dividend

Rhea-AI Summary

Peoples (OTC: PPLL) has announced a second quarter cash dividend of $0.62 per share. This dividend reflects an 8.98% increase over the same period last year. The dividend will be paid on June 28, 2024, to shareholders of record as of June 10, 2024. President and CEO Anthony J. Gabello made the announcement following the Board of Directors' regular meeting on May 22, 2024.

Positive

• The cash dividend of $0.62 per share represents an 8.98% increase over the second quarter of 2023.
• The dividend is payable on June 28, 2024.
• The announcement was made by CEO Anthony J. Gabello, adding credibility and leadership assurance.

Negative

• The press release lacks information on overall financial performance and other key business metrics.
• No data provided on revenue, profit margins, or other financial indicators that might impact investor sentiment.
• Absence of information on any potential risks or challenges faced by the company.

WYALUSING, Pa., May 23, 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 second quarter cash dividend in the amount of $0.62 per share payable on June 28, 2024. The cash dividend represents an 8.98% increase over the cash dividend paid in the second quarter 2023.

The declaration of dividend, made at the regular meeting of the Board of Directors on May 22, 2024, is payable to shareholders of record June 10, 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 dividend amount declared by Peoples for the second quarter of 2024?

Peoples has declared a second quarter cash dividend of $0.62 per share.

When will Peoples pay the second quarter dividend?

The second quarter dividend will be paid on June 28, 2024.

What is the increase percentage of the second quarter dividend compared to last year?

The second quarter dividend represents an 8.98% increase over the same period last year.

Who is eligible to receive the second quarter dividend from Peoples ?

Shareholders of record as of June 10, 2024, are eligible to receive the second quarter dividend.