MARIETTA, Ohio, April 25, 2017 /PRNewswire/ -- The Board of Directors of Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) declared a quarterly cash dividend of $0.20 per common share on April 24, 2017, payable on May 19, 2017, to shareholders of record on May 5, 2017.
This dividend represents a payout of approximately $3.7 million, or 41% of Peoples' reported first quarter 2017 earnings. Based on the closing stock price of Peoples' common shares of $33.75 on April 24, 2017, the quarterly dividend produces an annualized yield of 2.37%.
Peoples Bancorp Inc. is a diversified financial products and services company with $3.5 billion in assets, 76 locations, including 67 full-service bank branches and 75 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.
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SOURCE Peoples Bancorp Inc.