WYALUSING, Pa., Nov. 3, 2014 /PRNewswire/ -- Peoples LTD (OTC:
PPLL), the parent company of PS Bank, has announced that the Board
of Directors has declared a fourth quarter cash dividend of
$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 $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 $0.36
per share as adjusted to reflect the 5% stock dividend in
2013.
"In celebration of the Bank's 100th year, we are
pleased to provide our shareholders with this additional cash
dividend," stated President and CEO, Anthony J. Gabello.
The total 2014 cash dividends of $1.66 represent an increase of 17.7% over the
cash dividends paid in 2013 of $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. Stock of
Peoples LTD has a book value of $48.13 as of September 30,
2014. 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.
SOURCE Peoples LTD
