Peoples Ltd. Declares Second Quarter Dividend

Rhea-AI Summary

Peoples Ltd. (OTC: PPLL) has declared a second quarter cash dividend of $0.57 per share, marking an 8.8% increase from the previous year’s dividend of $0.52, adjusted for a 5% stock dividend. This decision was made during the Board of Directors meeting on May 26, 2021, with payment scheduled for June 30, 2021, to shareholders of record by June 14, 2021.

The bank, established in 1914, operates across several counties and aims to strengthen its financial standing through consistent dividend growth.

Positive

• Dividend increased by 8.8% to $0.57 per share.
• Consistent dividend growth enhances shareholder income.

Negative

• None.

WYALUSING, Pa., May 27, 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 second quarter cash dividend in the amount of $0.57 per share payable on June 30, 2021.  The cash dividend represents an 8.8% increase over the cash dividend paid in the second 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 May 26, 2021, is payable to shareholders of record June 14, 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

When is the cash dividend for PPLL payable?

The cash dividend for Peoples Ltd. (OTC: PPLL) is payable on June 30, 2021.

What was the previous dividend amount for PPLL?

The previous dividend amount for Peoples Ltd. was $0.52 per share.

What is the dividend record date for PPLL?

The record date for the dividend is June 14, 2021.

How much has the dividend increased for PPLL?

The dividend has increased by 8.8% compared to the previous year's amount.