Peoples Ltd. Declares Third Quarter Dividend

Rhea-AI Summary

Peoples Ltd. (OTC: PPLL) has announced a third quarter cash dividend of $0.55 per share, a 5% increase from $0.52 in Q3 2019, adjusted for the prior year’s stock dividend. This dividend will be payable on September 30, 2020, to shareholders on record as of September 16, 2020. The declaration was made during the Board of Directors meeting on August 26, 2020, reflecting the company's commitment to returning value to shareholders.

Positive

• Dividend increased by 5% to $0.55 per share, enhancing shareholder value.
• Dividend payment date set for September 30, 2020, signalling reliable cash flow.

Negative

• None.

WYALUSING, Pa., Aug. 28, 2020 /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 third quarter cash dividend in the amount of $0.55 per share payable on September 30, 2020.  The cash dividend represents a 5% increase over the cash dividend paid in the third quarter 2019 of $0.52 as adjusted for the 2019 year-end 5% stock dividend.

The declaration of dividend, made at the regular meeting of the Board of Directors on August 26, 2020, is payable to shareholders of record September 16, 2020. 

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 Ltd. for the third quarter of 2020?

Peoples Ltd. declared a cash dividend of $0.55 per share for the third quarter of 2020.

When will the dividend be paid to shareholders?

The dividend will be paid on September 30, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is September 16, 2020.

How much was the dividend in the third quarter of 2019?

The dividend in the third quarter of 2019 was $0.52 per share, adjusted for a 5% stock dividend.