MARIETTA, Ohio, July 24, 2015 /PRNewswire/ -- The Board of Directors of Peoples Bancorp Inc. ("Peoples") (NASDAQ :PEBO ) declared a quarterly cash dividend of $0.15 per common share on July 23, 2015, payable on August 17, 2015, to shareholders of record on August 3, 2015.
This dividend represents a payout of approximately $2.8 million or 56% of Peoples' reported second quarter 2015 earnings. Based on the closing stock price of Peoples' common shares of $23.59 on July 23, 2015, the quarterly dividend produces an annualized yield of 2.54%.
Peoples is a diversified financial products and services company with $3.2 billion in assets, 81 locations and 81 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.