If a company announces a cash dividend then it is almost always regarded as significant news by investors and hence, it may be a good move to track the Peoples Ltd (OTCMKTS:PPLL) stock at this point.
Trading Data
On Friday, PPLL stock ended flat at $70.75 with 100 shares, compared to volume of 24 shares. The stock moved within a range of $70.75 – 70.75 after opening trade at $70.75.
Peoples Ltd. Declares Third Quarter Dividend
The company had been in the news last Thursday after its President and Chief Executive Officer; Anthony J Gabello made an announcement with regards to the same. He noted that the Board of Directors at People Ltd had declared a cash dividend to the tune of $0.58 a share for the third fiscal quarter. The dividend is going to be paid out on September 30, 2022.
In this regard, it is perhaps also important to point out that the quantum of the cash dividend also worked out to a year-on-year rise of 5.1%. All shareholders of record as on September 12, 2022, are going to be entitled to the cash dividend.
It is now going to be interesting to see if the People Ltd stock garners any attention from investors in the lead-up to the record date or not. It could well be a good idea to perhaps add the stock to your watch lists.
