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News Breaks | | | | December 18, 2012 | | 16:37 EDT |  | PFBX | Peoples Financial accelerates semiannual dividend
The board of directors of Peoples Financial Corporation declared a regular semiannual cash dividend of 10c per common share, payable December 31, 2012, to stockholders of record December 28. "In view of the uncertainty of the federal tax code going into 2013, our board decided to pay the dividend to our shareholders in 2012," said Chevis C. Swetman, chairman of the board and CEO of the holding company and the bank. "At this time, we do not know exactly what the tax rate will be on dividends next year, but we know it will not be any lower than it is now," said Swetman. | |
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