BILOXI, Mississippi, March 11, 2022 /PRNewswire/ — Peoples Financial Corporation (the “Company”) (OTCQX Best Market: PFBX), parent company of The Peoples Bank, announced that the Company’s Board of Directors has declared a semi-annual dividend of $0.09 per share on its common stock. The dividend will be payable on March 30, 2022 to shareholders of record on March 23, 2022.
“The company is pleased to again increase the half-yearly dividend. We appreciate the investment our shareholders have made in our company and believe this dividend of $0.09 per share reflects that appreciation,” said Chevis C. Swetman, President and Chief Executive Officer. member of senior management of the Company and the Bank.
Founded in 1896, with total assets of $819 million as of December 31, 2021, Peoples Bank operates 18 branches along the Mississippi Gulf Coast in Hancock, Harrison, Jackson and Stone counties. In addition to offering a full range of personal and business banking services, the Bank also operates a trust and investment services department that has provided clients with financial, estate and retirement planning services since 1936.
Common stock of Peoples Financial Corporation is traded on the OTCQX best exchange under the symbol PFBX. Additional information is available on the Internet at the Company’s website, www.thepeoples.com, and at the Securities and Exchange Commission’s website, www.sec.gov.
This press release reflects industry conditions, company performance and financial results and contains “forward-looking statements”, which may include forecasts of our results and financial condition, expectations regarding our operations and our business, as well as our assumptions for such forecasts and expectations. Do not place undue reliance on forward-looking statements. These forward-looking statements are subject to a number of risk factors and uncertainties that could cause the Company’s actual results and experience to differ materially from the anticipated results and expectations expressed in these forward-looking statements.
Factors that could cause our actual results to differ materially from our forward-looking statements are described in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Regulation and Supervision” sections of the Company’s Annual Report. the company on Form 10-K for the fiscal year ended December 31, 2020, and in other subsequent filings by the Company with the Securities and Exchange Commission, available on the SEC’s website and at the website of the Company, each of which is referenced above. To the extent that statements in this press release relate to future plans, objectives, financial results or performance of the Company, such statements are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are generally identified by the use of words such as “may”, “believe”, “expect”, “anticipate”, “intend”, “will”, “should”, “plan”. “, “estimates”, “predicts”, “continues” ” and “potential” or the negative form of these terms or any other comparable terminology.
Forward-looking statements represent the beliefs of management, based on information available at the time the statements are made, with respect to the matters discussed; they are not guarantees of future performance. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed or implied by such statements. All information is as of the date of this press release. Except to the extent required by applicable law or regulation, the Company undertakes no obligation to publicly revise or update any forward-looking statement for any reason.
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SOURCE Peoples Financial Corporation
