OREANDA-NEWS. The Board of Directors of Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK) declared a cash dividend for the second quarter of 2016 in the amount of $0.10 per share at their most recent meeting.  This is an increase of $0.02 per share from the regular quarterly cash dividend paid in the first quarter of 2016, of $0.08 per share. The cash dividend will be paid on June 15, 2016 to shareholders of record on June 3, 2016.     

Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc. operates 20 banking offices entirely in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Union, Iredell and Wake Counties.  The Bank also operates loan production offices in Lincoln, Durham, and Forsyth Counties.  The Company’s common stock is publicly traded and is quoted on the Nasdaq Global Market under the symbol “PEBK.”