Peoples Ltd. Declares Second Quarter Dividend

Rhea-AI Summary

Peoples Ltd. (OTC: PPLL) has declared a cash dividend of $0.58 per share for the second quarter, marking a 6.8% increase from the previous year. This dividend is payable on June 30, 2022, to shareholders of record as of June 13, 2022. The announcement was made during the Board of Directors meeting on May 25, 2022. This positive development reflects the company’s commitment to returning value to its shareholders and is indicative of its financial strength.

Positive

• Declared a second quarter cash dividend of $0.58 per share.
• 6.8% increase in dividend compared to the second quarter of 2021.

Negative

• None.

WYALUSING, Pa., May 26, 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 second quarter cash dividend in the amount of $0.58 per share payable on June 30, 2022.  The cash dividend represents a 6.8% increase over the cash dividend paid in the second quarter 2021.

The declaration of dividend, made at the regular meeting of the Board of Directors on May 25, 2022, is payable to shareholders of record June 13, 2022. 

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.?

Peoples Ltd. declared a dividend of $0.58 per share.

When is the dividend payable for Peoples Ltd.?

The dividend is payable on June 30, 2022.

What is the record date for the dividend?

The record date for the dividend is June 13, 2022.

How much has the dividend increased compared to the previous year?

The dividend has increased by 6.8% compared to the second quarter of 2021.