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Peoples Bancorp of North Carolina hikes dividend by 6.3%

Peoples Bancorp of North Carolina (PEBK) will raise its dividend by another 6.3 percent in 2021. The third quarter cash dividend will be paid on September 15, 2021 to shareholders of record on September 3, 2021. The new dividend yield is 2.4%. Earlier this year PEBK already announced a dividend hike.

Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc. operates 17 banking offices entirely in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Iredell and Wake Counties. The Bank also operates loan production offices in Lincoln, Mecklenburg, and Rowan Counties.