The utility firm raises its payout for the quarter, marking a 2.9% increase from the prior $0.34 dividend.
Peoples announced a quarterly dividend of $0.35 per share, up 2.9% from the previous $0.34 payout. The increase reflects the company’s ongoing commitment to returning value to shareholders amid stable earnings growth.
The prior dividend stood at $0.34, with the new rate yielding 2.35% on a forward basis. The dividend is payable June 30 to shareholders of record as of June 15, with an ex-dividend date set for June 15.
No immediate market reaction was disclosed in the announcement.