NEWTON, N.C. - Peoples Bancorp (NASDAQ:PEBO) of North Carolina, Inc. (NASDAQ:PEBK), the parent company of Peoples Bank, has declared a special cash dividend of $0.16 per share. This dividend is scheduled to be paid on February 16, 2024, to shareholders who are on record as of February 5, 2024.
The announcement comes as the company continues to maintain a presence in the North Carolina market with 17 banking offices across several counties, including Catawba, Alexander, Lincoln, Mecklenburg, Iredell, and Wake. Additionally, Peoples Bank has established loan production offices in Lincoln, Mecklenburg, Rowan, and Forsyth Counties to further extend its financial services.
Peoples Bancorp has encouraged its shareholders to participate in the Dividend Reinvestment and Stock Purchase Plan, which allows shareholders to reinvest dividends and purchase additional shares of the company's stock. For more information regarding this plan, shareholders can reach out to the transfer agent, Broadridge Corporate Issuer Solutions, Inc.
The information in this article is based on a press release statement from Peoples Bancorp of North Carolina, Inc.
InvestingPro Insights
As Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) announces its special cash dividend, investors may find additional context in recent financial metrics and performance insights. With a market capitalization of $163.77 million and a P/E ratio standing at a modest 9.92, PEBK presents a potentially attractive valuation. The company's commitment to shareholder returns is underscored by maintaining dividend payments for 39 consecutive years, a testament to its financial stability and prudent management.
Investors should note the company's performance over recent periods, with a strong return over the last three months, as indicated by a 37.26% price total return, and a significant 55.27% increase over the last six months. These figures suggest a robust short-term performance that could be of interest to potential investors. Moreover, the company has been profitable over the last twelve months, which aligns with its ability to declare and sustain dividends.
For those looking to delve deeper into PEBK's financial health and future prospects, InvestingPro offers additional insights. There are several more InvestingPro Tips available for subscribers, providing a comprehensive analysis of the company's financial standing and market potential. Currently, the InvestingPro subscription is on a special New Year sale with a discount of up to 50%. Use coupon code SFY24 to get an additional 10% off a 2-year InvestingPro+ subscription, or SFY241 to get an additional 10% off a 1-year InvestingPro+ subscription, to access these valuable insights.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.