Peoples Bancorp, Inc. (Ohio) : PEBO-US: Dividend Analysis : November 03rd, 2017 (record date) : By the numbers : November 3, 2017

Our analysis is based on comparing Peoples Bancorp, Inc. (Ohio) with the following peers – United Bancshares, Inc., First Financial Bancorp., Ohio Valley Banc Corp., Park National Corporation, Farmers National Banc Corp., LCNB Corp., Old National Bancorp, Huntington Bancshares Incorporated, United Bancorp, Inc. and WesBanco, Inc. (UBOH-US, FFBC-US, OVBC-US, PRK-US, FMNB-US, LCNB-US, ONB-US, HBAN-US, UBCP-US and WSBC-US).

Peoples Bancorp, Inc. (Ohio)’s dividend yield is 2.97 percent and its dividend payout is 39.21 percent. This compares to a peer median dividend yield of 2.48 percent and a payout level of 43.59 percent. This relatively higher dividend yield and lower payout ratio makes the company a good candidate for dividend investors looking seeking good current dividend income within this peer group. In addition, the company’s relatively good dividend quality score of 67 out of a possible score of 100, underscores its attractiveness for dividend investors.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to September 30, 2017), PEBO-US paid a medium quality dividend, which represents a yield of 2.33% at the current price.
  • Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 1 was high quality, 3 were medium quality and 1 was low quality.
  • The ending cash balance, with a dividend coverage of 3.88x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to September 30, 2017), PEBO-US paid a medium quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 4.75x), investing cash flow (coverage of -15.73x), issuance cash flow (coverage of 12.14x) and twelve-month prior cash (coverage of 3.96x), for a total dividend coverage of 4.88x.

PEBO-US’s issuance cash flow includes outflows from net share buybacks (coverage of -0.04x). Thus, the total coverage including share buybacks is 4.92x, which reflects our assumption that the cash paid for share buybacks is discretionary and could instead be used to pay dividends.

Dividend Coverage by Cash Flow (TTM)

These coverage ratio factors imply that the firm’s net cash inflow from issuance was required (in addition to operating and investment cash) to pay the dividend, which suggests a medium dividend quality.

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) 2.07 2.27 1.76 2.91 1.9 2.97
Dividend Payout (%) 23.44 33.13 44.44 98.36 37.43 39.21

A complete list of metrics and analysis is available on the company page.

Company Profile

Peoples Bancorp, Inc. is a diversified financial products and services company, which makes available a complete line of banking, investment, insurance, and trust solutions. It products include demand deposit accounts, savings accounts, money market accounts and certificates of deposit; commercial, consumer and real estate mortgage loans; debit and automated teller machine cards. The company was founded in 1980 and is headquartered in Marietta, OH.

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