Peoples Financial Services Corp. Announces Completion of Private Placement of $85.0 Million of Subordinated Notes
Investor Demand and Capital Raising: Peoples Financial Services Corp. successfully completed an oversubscribed private placement of $85 million in subordinated notes, which will be used for general corporate purposes and to redeem existing debt, enhancing the company's balance sheet and supporting growth.
Interest Rate Structure and Future Plans: The notes will initially have a fixed interest rate of 7.75% until June 2030, after which it will transition to a floating rate, with the company planning to redeem them starting from that date under certain conditions.
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Peoples Financial Services announces dividend of $0.6175
Dividend Declaration: Peoples Financial Services (PFIS) has declared a quarterly dividend of $0.6175 per share, consistent with previous dividends.
Dividend Details: The dividend has a forward yield of 5.56% and is payable on December 15, with shareholders of record on November 28, and an ex-dividend date also on November 28.
Financial Insights: Additional resources include PFIS's Dividend Scorecard, Yield Chart, and historical earnings data for further financial analysis.
Rating Status: Seeking Alpha’s Quant Rating indicates that Peoples Financial Services is still not ready for an upgrade.
PEOPLES FINANCIAL SERVICES CORP. Declares Fourth Quarter 2025 Dividend
- Company Overview: Peoples Financial Services Corp. is highlighted with its logo featured in a PRNewsFoto release.
- Brand Recognition: The article emphasizes the visibility and branding efforts of Peoples Financial Services Corp. through media exposure.
