Peoples Ltd. Declares Cash and Stock Dividend

The Board of Directors of Peoples Ltd. (OTC:PPLL) has declared a cash dividend of $0.60 per share and a 5% stock dividend, payable on December 16, 2022.

Rhea-AI Summary

The Board of Directors of Peoples Ltd. (OTC:PPLL) has declared a cash dividend of $0.60 per share and a 5% stock dividend, payable on December 16, 2022. This cash dividend reflects an 8.89% increase compared to the fourth quarter of 2021. Total cash dividends for 2022 reached $2.34, marking a 6.92% rise over 2021. The dividend was declared on October 26, 2022, and shareholders of record on December 2, 2022, will be eligible for these dividends.

Positive

• Declared a cash dividend of $0.60 per share, an 8.89% increase from 2021.
• Total cash dividends for 2022 reached $2.34, a 6.92% increase over 2021.
• 5% stock dividend demonstrates company confidence in shareholder value.

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WYALUSING, Pa., Oct. 27, 2022 /PRNewswire/ -- The Board of Directors of Peoples Ltd. (OTC:PPLL), the parent company of PS Bank, has declared a fourth quarter cash dividend of $0.60 per share and a 5% stock dividend payable on December 16, 2022. 

The 2022 fourth quarter dividend represents an 8.89% increase over the regular cash dividend in the fourth quarter of 2021. 

Total cash dividends paid in 2022 of $2.34 represent an increase of 6.92% over the cash dividends paid in 2021.

The cash and stock dividend, declared at the regular meeting of the Board of Directors on October 26, 2022, will be payable to shareholders of record December 2, 2022.

Peoples Ltd. is the holding company for PS Bank.  PS Bank is an independent community bank, established 1914, with locations throughout Bradford, Sullivan, Wyoming, Lackawanna, and Susquehanna counties.  Stock of Peoples Ltd. is traded in the Over-the-Counter market under the symbol PPLL.  Learn more about PS Bank at www.PSBanking.com.

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SOURCE Peoples Ltd.

FAQ

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

What is the cash dividend amount declared by Peoples Ltd. for Q4 2022?

Peoples Ltd. has declared a cash dividend of $0.60 per share for Q4 2022.

When is the dividend payable to shareholders for Peoples Ltd.?

The dividend is payable on December 16, 2022.

What percentage increase does the Q4 2022 cash dividend represent over 2021?

The Q4 2022 cash dividend represents an 8.89% increase over the fourth quarter of 2021.

How much were the total cash dividends paid in 2022 by Peoples Ltd.?

Total cash dividends paid in 2022 amounted to $2.34, marking a 6.92% increase over 2021.

What is the stock symbol for Peoples Ltd.?

The stock symbol for Peoples Ltd. is PPLL.