PEOPLES BANCORP INC. DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Peoples Bancorp Inc. (Nasdaq: PEBO) has declared a quarterly cash dividend of $0.40 per common share, payable on August 19, 2024, to shareholders of record on August 5, 2024. This dividend represents a payout of approximately $14.2 million, or 49.0% of Peoples' reported second quarter 2024 earnings. Based on the closing stock price of $32.89 on July 19, 2024, the dividend yields an annualized 4.86%.

Peoples Bancorp Inc., headquartered in Marietta, Ohio, is a diversified financial services holding company with $9.2 billion in total assets as of June 30, 2024. The company operates 150 locations, including 130 full-service bank branches across six states. Peoples is also a member of the Russell 3000 index.

Positive

• Declared quarterly dividend of $0.40 per common share
• Annualized dividend yield of 4.86%
• $9.2 billion in total assets as of June 30, 2024
• Diverse presence with 150 locations across six states
• Inclusion in the Russell 3000 index

Negative

• 49.0% payout ratio of Q2 2024 earnings, potentially limiting retained earnings for growth

News Market Reaction

+0.84%

1 alert

+0.84% News Effect

On the day this news was published, PEBO gained 0.84%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MARIETTA, Ohio, July 23, 2024 /PRNewswire/ -- The Board of Directors of Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO) declared a quarterly cash dividend of $0.40 per common share on July 22, 2024, payable on August 19, 2024, to shareholders of record on August 5, 2024.

This dividend represents a payout of approximately $14.2 million, or 49.0% of Peoples' reported second quarter 2024 earnings. Based on the closing stock price of Peoples' common shares of $32.89 on July 19, 2024, the quarterly dividend produces an annualized yield of 4.86%.

Peoples Bancorp Inc. is a diversified financial services holding company and makes available a complete line of banking, trust and investment, insurance and premium financing solutions through its subsidiaries. Peoples Bank has been headquartered in Marietta, Ohio since 1902. Peoples has established a heritage of financial stability, growth and community impact. Peoples had $9.2 billion in total assets as of June 30, 2024, and 150 locations, including 130 full-service bank branches in Ohio, Kentucky, West Virginia, Virginia, Washington D.C., and Maryland. Peoples is a member of the Russell 3000 index of U.S. publicly-traded companies. Learn more about Peoples at www.peoplesbancorp.com.

View original content:https://www.prnewswire.com/news-releases/peoples-bancorp-inc-declares-quarterly-dividend-302203001.html

SOURCE Peoples Bancorp Inc.

FAQ

What is the dividend amount declared by Peoples Bancorp Inc. (PEBO) for Q3 2024?

Peoples Bancorp Inc. (PEBO) declared a quarterly cash dividend of $0.40 per common share for Q3 2024.

When is the dividend payable for Peoples Bancorp Inc. (PEBO) shareholders?

The dividend is payable on August 19, 2024, to shareholders of record on August 5, 2024.

What is the annualized dividend yield for Peoples Bancorp Inc. (PEBO) based on the July 19, 2024 closing price?

Based on the closing stock price of $32.89 on July 19, 2024, the quarterly dividend produces an annualized yield of 4.86%.

How much in total assets did Peoples Bancorp Inc. (PEBO) report as of June 30, 2024?

Peoples Bancorp Inc. (PEBO) reported total assets of $9.2 billion as of June 30, 2024.

How many locations does Peoples Bancorp Inc. (PEBO) operate as of July 2024?

As of July 2024, Peoples Bancorp Inc. (PEBO) operates 150 locations, including 130 full-service bank branches across six states.