2016 Q2 DIVIDENDS
For Release: Contact:
May 27, 2016 Philip O. Farr, CFO
Peoples LTD Declares Second Quarter Dividend
Wyalusing, PA – Anthony J. Gabello, President and Chief Executive Officer of Peoples LTD (OTC:PPLL), has announced that the Board of Directors has declared a second quarter cash dividend in the amount of $0.46 per share payable on June 30, 2016. The cash dividend represents a 20.7% increase over the cash dividend paid in the second quarter 2015 of $0.38 as adjusted for the 2015 year-end 5% stock dividend.
The declaration of dividend, made at the regular meeting of the Board of Directors on May 25, 2016, is payable to shareholders of record June 15, 2016.
Note: This press release may contain forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include operating, legal and regulatory risks; changing economic and competitive conditions and other risks and uncertainties.
Peoples LTD is the holding company for PS Bank. PS Bank is an independent community bank established in 1914 with branch locations throughout Bradford, Sullivan, Wyoming, and Lackawanna counties. Book value for stock of Peoples LTD was $50.89 per share as of March 31, 2016 and is traded in the Over-the-Counter market under the symbol PPLL. Learn more about PS Bank at www.PSBanking.com.