MARIETTA, Ohio, April 24, 2014 /PRNewswire/ -- The Board of Directors of Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) today declared a quarterly cash dividend of $0.15 per common share, payable on May 19, 2014, to shareholders of record on May 5, 2014.
This dividend represents a payout of approximately $1.6 million, or 34.2% of Peoples' reported first quarter 2014 earnings. Based on the closing stock price of Peoples' common shares of $26.34 on April 23, 2014, the quarterly dividend produces an annualized yield of 2.28%.
Peoples Bancorp Inc. is a diversified financial products and services company with $2.1 billion in assets, 49 locations and 47 ATMs in Ohio, West Virginia and Kentucky. Peoples makes available a complete line of banking, investment, insurance, and trust solutions through its subsidiaries – Peoples Bank, National Association and Peoples Insurance Agency, LLC. 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 Inc.