Peoples LTD to pay USD 0.40 cash dividend, 5% stock dividend.
M2 EQUITYBITES-November 3, 2014--Peoples LTD to pay USD 0.40 cash dividend, 5% stock dividend
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4 November 2014 -- Pennsylvania US-based bank holding company Peoples LTD (OTC: PPLL) said that its board of directors has declared a 4Q14 cash dividend of USD 0.40 per share and a 5% stock dividend payable on December 19 2014.
In addition to the quarterly dividend, the board of directors has declared that a one-time dividend to celebrate the bank's 100th anniversary of USD 0.10 will be paid in the fourth quarter.
The total regular and one-time cash dividend represents a 38% increase over the cash dividend paid in the fourth quarter 2013 of USD 0.36 per share as adjusted to reflect the 5% stock dividend in 2013.
According to Peoples LTD, the total 2014 cash dividends of USD 1.66 represent an increase of 17.7% over the cash dividends paid in 2013 of USD 1.41 as adjusted to reflect the 5% stock dividend.
The regular cash and stock dividend, combined with the one-time dividend declared at the regular meeting of the board of directors on October 22, 2014, will be payable to shareholders of record November 28, 2014.
Peoples LTD is the holding company for PS Bank. PS Bank is an independent community bank, established 1914, with branch locations throughout Bradford, Sullivan and Wyoming Counties.
Find out more at www.psbanking.com.
1 USD = .63 GBP
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