Published on 28 May 2024 on Simply Wall St. via Yahoo Finance
Why You Might Be Interested In Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) For Its...
Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) is about to trade ex-dividend in the next four days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Accordingly, Peoples Bancorp of North Carolina investors that purchase the stock on or after the 3rd of June will not receive the dividend, which will be paid on the 14th of June.
The company's next dividend payment will be US$0.19 per share, on the back of last year when the company paid a total of US$0.92 to shareholders. Based on the last year's worth of payments, Peoples Bancorp of North Carolina has a trailing yield of 3.1% on the current stock price of US$29.80. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to investigate whether Peoples Bancorp of North Carolina can afford its dividend, and if the dividend could grow.