NEW PEOPLES BANKSHARES INC 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities (a) Market Information Computershare Investor Services is the stock transfer agent for New Peoples Bankshares, Inc. The common stock of New Peoples is quoted on the OTC Market’s Pink Open Market under the symbol “NWPP”. The volume of trading of shares of common stock is very limited. Trades in our common stock occur sporadically on a local basis and typically in small volumes. Over-the-Counter market quotations reflect inter-dealer prices without retail mark up, mark down or commissions and may not necessarily represent actual transactions. The most recent sales price of which management is aware was $2.35 per share on March 23, 2022. (b) Holders On March 23, 2022, there were approximately 4,321 shareholders of record. (c) Dividends Any declaration of dividends in the future will depend on our earnings, capital requirements, growth strategies, and compliance with regulatory mandates principally at the Bank level since the Company’s primary source of income is dividends which it would receive from the Bank. While no dividend was paid in 2021, on February 28, 2022, the Company declared its first ever cash dividend of $0.05 per share, payable on March 31, 2022 to shareholders of record as of March 15, 2022. We are subject to certain dividend restrictions and capital requirements imposed by the Federal Reserve Bank as well as Virginia statutes and regulations. See Note 16 Dividend Limitation on Subsidiary Bank and Note 21 Capital to the consolidated financial statements contained in Item 8 of this Form 10-K. Item 6. [Reserved] Not applicable.