MARIETTA, Ohio, April 28, 2016 /PRNewswire/ -- The Board of Directors of Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) effective today declared a quarterly cash dividend of $0.16 per common share, payable on May 23, 2016, to shareholders of record on May 9, 2016.
This dividend represents a payout of approximately $2.9 million, or 36% of Peoples' reported first quarter 2016 earnings. Based on the closing stock price of Peoples' common shares of $21.65 on April 27, 2016, the quarterly dividend produces an annualized yield of 2.96%.
Peoples is a diversified financial products and services company with $3.3 billion in assets, 82 locations, including 74 full-service bank branches, 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 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.