PEOPLES BANCORP INC. DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

The Board of Directors of Peoples Bancorp Inc. (NASDAQ: PEBO) announced a quarterly cash dividend of $0.39 per common share on April 24, 2023, with payment scheduled for May 22, 2023. Shareholders of record on May 8, 2023 will receive the payout of approximately $11.1 million. This dividend yields an annualized 6.15%, based on the closing stock price of $25.35 on April 21, 2023. As of March 31, 2023, Peoples reported total assets of $7.3 billion and operates 130 locations across multiple states including Ohio, West Virginia, Kentucky, Virginia, Washington D.C., and Maryland.

Positive

• Quarterly cash dividend of $0.39 enhances shareholder returns.
• Annualized yield of 6.15% indicates strong income potential for investors.
• Total assets of $7.3 billion suggest financial stability and growth potential.

Negative

• None.

News Market Reaction

-0.27%

1 alert

-0.27% News Effect

On the day this news was published, PEBO declined 0.27%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MARIETTA, Ohio, April 25, 2023 /PRNewswire/ -- The Board of Directors of Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO) declared a quarterly cash dividend of $0.39 per common share on April 24, 2023, payable on May 22, 2023, to shareholders of record on May 8, 2023.

This dividend represents a payout of approximately $11.1 million. Based on the closing stock price of Peoples' common shares of $25.35 on April 21, 2023, the quarterly dividend produces an annualized yield of 6.15%.

Peoples is a diversified financial services holding company that makes available a complete line of banking, trust and investment, insurance, premium financing and equipment leasing solutions through its subsidiaries. Peoples has been headquartered in Marietta, Ohio since 1902. Peoples had $7.3 billion in total assets as of March 31, 2023, and 130 locations, including 113 full-service bank branches in Ohio, West Virginia, Kentucky, Virginia, Washington D.C. and Maryland.  Peoples' vision is to be the Best Community Bank in America.

Peoples is a member of the Russell 3000 index of U.S. publicly-traded companies.  Peoples offers services through Peoples Bank (which includes the divisions of Peoples Investment Services, Peoples Premium Finance and North Star Leasing), Peoples Insurance Agency, LLC and Vantage Financial.

View original content:https://www.prnewswire.com/news-releases/peoples-bancorp-inc-declares-quarterly-dividend-301805832.html

SOURCE Peoples Bancorp Inc.

FAQ

What is the dividend amount declared by Peoples Bancorp Inc.?

Peoples Bancorp Inc. declared a quarterly cash dividend of $0.39 per common share.

When is the dividend payable for Peoples Bancorp Inc.?

The dividend is payable on May 22, 2023.

What is the annualized yield of the dividend for Peoples Bancorp Inc.?

The annualized yield of the dividend is 6.15% based on the stock price of $25.35.

Who is eligible to receive the dividend from Peoples Bancorp Inc.?

Shareholders of record on May 8, 2023, are eligible to receive the dividend.