2016 Q4 Dividends
For Release Contact
October 31, 2016 Philip O Farr, CFO
Peoples LTD Declares Cash and Stock Dividend
Wyalusing, PA – The Board of Directors of Peoples LTD (OTC:PPLL), the parent company of PS Bank, has declared a fourth quarter cash dividend of $0.48 per share and a 5% stock dividend payable on December 16, 2016.
The 2016 fourth quarter dividend represents a 9.5% increase over the regular cash dividend in the fourth quarter of 2015.
The cash dividends paid in 2016 of $1.88 represent an increase of 14.7% over the cash dividends paid in 2015 of $1.64 as adjusted to reflect the 5% stock dividend.
The cash and stock dividend, declared at the regular meeting of the Board of Directors on October 26, 2016, will be payable to shareholders of record November 18, 2016.
Peoples LTD is the holding company for PS Bank. PS Bank is an independent community bank, established 1914, with branch locations throughout Bradford, Sullivan, Wyoming and Lackawanna counties. Stock of Peoples LTD has a book value of $52.91 as of September 30, 2016. 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.