Peoples Financial Services Increases Quarterly Dividend From $0.41 To $0.6175 Per Share
Portfolio Pulse from Benzinga Newsdesk
Peoples Financial Services Corp. (NASDAQ: PFIS) has increased its quarterly dividend by 50.6% to $0.6175 per share, payable on September 13, 2024. This increase follows the completion of its merger with FNCB Bancorp, Inc.
July 26, 2024 | 3:52 pm
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Peoples Financial Services Corp. (NASDAQ: PFIS) has increased its quarterly dividend by 50.6% to $0.6175 per share, payable on September 13, 2024. This increase follows the completion of its merger with FNCB Bancorp, Inc.
The significant increase in the dividend is a positive signal to investors, indicating strong financial health and confidence post-merger. This is likely to attract income-focused investors and support the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100