For Release: October 25, 2018
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 $0.53 per share and a 5% stock dividend payable on December 14, 2018.
The 2018 fourth quarter dividend represents a 13.5% increase over the regular cash dividend in the fourth quarter of 2017.
The cash dividends paid in 2018 of $2.04 represent an increase of 10.4% over the cash dividends paid in 2017 of $1.85 as adjusted to reflect the 2017 year-end 5% stock dividend.
The cash and stock dividend, declared at the regular meeting of the Board of Directors on October 24, 2018, will be payable to shareholders of record November 23, 2018.
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 is traded in the Over-the-Counter market under the symbol PPLL. Learn more about PS Bank at PSBanking.com.