WYALUSING, Pa., Sept. 2, 2014 /PRNewswire/ -- Peoples LTD, the parent company of PS Bank, has announced that the Board of Directors has declared a third quarter cash dividend in the amount of $0.40 per share payable on September 30, 2014. The cash dividend represents a 10.5% increase over the cash dividend paid third quarter 2014 of $0.36, as adjusted for the 2013 year end 5% stock dividend.
The declaration of dividend, made at the regular meeting of the Board of Directors on August 27, 2014, is payable to shareholders of record September 15, 2014.
Note: This press release may contain forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include operating, legal and regulatory risks; changing economic and competitive conditions and other risks and uncertainties.
Peoples LTD is the holding company for PS Bank. PS Bank is an independent community bank with branch locations throughout Bradford, Sullivan and Wyoming counties. Book value for stock of Peoples LTD was $47.40 as of June 30, 2014 and is traded in the Over-the-Counter market under the symbol PPLL. Learn more about PS Bank at www.PSBanking.com.
SOURCE Peoples LTD