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People’s Bank Increases Dividend
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BNH
6/1/2000
By: Kristine Hansen
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BRIDGEPORT - People's Bank (NASDAQ: PBCT) board of directors increased the company's common stock dividend by seven percent to 30 cents from 28 cents due to strong core earnings. The dividend was payable May 15 to shareholders of record as of May 3.
In a separate announcement, People's said that it had converted 3.5 million of its domestic credit, commercial credit and debit cards to the system of First Data Resources Inc., a subsidiary of First Data Corp. (NYSE: FDC). The company says that this relationship will allow People's to increase efficiency and offer improved customer service.
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