Published:
Peoples Bancorp Inc. Declares Fourth Quarter 2008 Dividend
MARIETTA, Ohio, Nov. 13 /PRNewswire-FirstCall/ -- The Board of Directors
of Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO) today declared a cash
dividend of $0.23 per share payable on January 2, 2009, to shareholders of
record at December 15, 2008.
"We are pleased to announce our 43rd consecutive year of dividend growth,"
said Mark F. Bradley, President and Chief Executive Officer. "While we face
challenges from the struggling economy and weakened real estate market, we
have also preserved and enhanced Peoples' healthy capital position and
liquidity levels. These actions have allowed the Board to raise dividends to
our shareholders in 2008."
The fourth quarter dividend represents a pay out of approximately $2.4
million, based on 10.4 million shares outstanding at November 13, 2008, and a
4.5% increase over the $0.22 declared a year ago. In 2008, Peoples has
declared dividends of $0.91 per share, up 3.4% from $0.88 per share declared
in 2007.
Peoples Bancorp Inc. is a diversified financial products and services
company with $1.9 billion in assets, 49 locations and 38 ATMs inOhio,West
Virginia andKentucky. 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. 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.
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