2017 Q4 Dividends
October 26, 2017
Contact: 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 $0.49 per share and a 5% stock dividend payable on December 15, 2017.
The 2017 fourth quarter dividend represents a 7.15% increase over the regular cash dividend in the fourth quarter of 2016.
The cash dividends paid in 2017 of $1.94 represent an increase of 8.32% over the cash dividends paid in 2016 of $1.79 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 25, 2017, will be payable to shareholders of record November 17, 2017.
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 $51.95 as of September 30, 2017. 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.