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Peoples Bancorp Inc. Declares Fourth Quarter 2009 Dividend
MARIETTA, Ohio, Nov. 19 /PRNewswire-FirstCall/ -- The Board of Directors of Peoples Bancorp Inc. (Nasdaq: PEBO) today declared a cash dividend of $0.10 per common share payable January 4, 2010, to common shareholders of record on December 15, 2009.
The fourth quarter dividend represents a payout of approximately $1.1 million based on 10.5 million common shares currently outstanding and an annualized dividend yield of 3.88% based on the closing stock price of Peoples' common shares of $10.30 on November 18, 2009.
Peoples' capital continues to be significantly higher than regulatory minimums needed to be considered "well capitalized". At September 30, 2009, Peoples' Tier 1 Common, Total Tier 1 and Total Risk-Based Capital ratios were 10.30%, 15.06% and 16.39%, compared to the well capitalized minimum ratios of 4%, 6% and 10%, respectively.
Peoples Bancorp Inc. is a diversified financial products and services company with $2.0 billion in assets, 47 locations and 39 ATMs in Ohio, West Virginia and Kentucky. Peoples makes available a complete line of banking, investment, insurance, and trust solutions through its financial service units - Peoples Bank, National Association; Peoples Financial Advisors (a division of Peoples Bank) and Peoples Insurance Agency, Inc., which includes the Putnam and Barengo divisions. Peoples' common shares are traded on the NASDAQ Global Select Market under the symbol "PEBO", and Peoples is a member of the Russell 3000 index of US publicly traded companies. Learn more about Peoples at www.peoplesbancorp.com.
SOURCE Peoples Bancorp
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