PEOPLES BANCORP INC. DECLARES QUARTERLY DIVIDEND

Peoples Bancorp Inc. (Nasdaq: PEBO) has declared a quarterly cash dividend of $0.40 per common share, payable on November 18, 2024, to shareholders of record on November 4, 2024.

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Rhea-AI Summary

Peoples Bancorp Inc. (Nasdaq: PEBO) has declared a quarterly cash dividend of $0.40 per common share, payable on November 18, 2024, to shareholders of record on November 4, 2024. This dividend represents a payout of approximately $14.2 million, or 44.9% of Peoples' reported third quarter 2024 earnings. Based on the closing stock price of $31.70 on October 18, 2024, the dividend yields an annualized 5.05%.

Peoples Bancorp Inc. is a diversified financial services holding company with $9.1 billion in total assets as of September 30, 2024. The company operates 149 locations, including 130 full-service bank branches across Ohio, Kentucky, West Virginia, Virginia, Washington D.C., and Maryland. Peoples is included in the Russell 3000 index of U.S. publicly-traded companies.

Positive

Quarterly dividend of $0.40 per common share declared
Annualized dividend yield of 5.05% based on recent stock price
$9.1 billion in total assets as of September 30, 2024
149 locations across six states and Washington D.C.
Inclusion in the Russell 3000 index

Negative

44.9% payout ratio of third quarter 2024 earnings for dividend

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News Market Reaction – PEBO

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10/22/2024 - 06:05 AM EDT

MARIETTA, Ohio, Oct. 22, 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 October 21, 2024, payable on November 18, 2024, to shareholders of record on November 4, 2024.

This dividend represents a payout of approximately $14.2 million, or 44.9% of Peoples' reported third quarter 2024 earnings. Based on the closing stock price of Peoples' common shares of $31.70 on October 18, 2024, the quarterly dividend produces an annualized yield of 5.05%.

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 $9.1 billion in total assets as of September 30, 2024, and 149 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-302282015.html

SOURCE Peoples Bancorp Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by Peoples Bancorp (PEBO) for Q4 2024?

Peoples Bancorp (PEBO) declared a quarterly cash dividend of $0.40 per common share for Q4 2024.

When will Peoples Bancorp (PEBO) pay its latest declared dividend?

The dividend will be payable on November 18, 2024, to shareholders of record on November 4, 2024.

What is the annualized dividend yield for Peoples Bancorp (PEBO) based on the recent stock price?

Based on the closing stock price of $31.70 on October 18, 2024, the quarterly dividend produces an annualized yield of 5.05%.

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

Peoples Bancorp (PEBO) reported total assets of $9.1 billion as of September 30, 2024.

How many locations does Peoples Bancorp (PEBO) operate as of October 2024?

Peoples Bancorp (PEBO) operates 149 locations, including 130 full-service bank branches across six states and Washington D.C.

PEOPLES BANCORP INC. DECLARES QUARTERLY DIVIDEND