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Peoples Federal Bancshares, Inc. Announces a Dividend Payment to Stockholders

Peoples Federal Bancshares, Inc. Announces a Dividend Payment to Stockholders

BRIGHTON, Mass., Oct. 16, 2013 (GLOBE NEWSWIRE) -- Peoples Federal Bancshares,
Inc. (the "Company") (Nasdaq:PEOP), the holding company for Peoples Federal
Savings Bank, announced today that its Board of Directors has declared a
quarterly cash dividend of $0.04 per share on the Company's common stock. The
dividend will be payable to stockholders of record as of November 1, 2013, and
is expected to be paid on November 15, 2013.

Peoples Federal Bancshares, Inc. is the parent company of Peoples Federal
Savings Bank, a community-oriented financial institution operating seven
full-service branch locations in the greater Boston area. Peoples Federal
Savings Bank offers a broad array of retail and commercial lending and deposit
services.

This press release may contain certain forward-looking statements which are
based on management's current expectations regarding economic, legislative and
regulatory issues that may impact Peoples Federal Savings Bank's earnings in
future periods. Factors that could cause future results to vary materially
from current management expectations include, but are not limited to, general
economic conditions, changes in interest rates, deposit flows, real estate
values and competition, changes in accounting principles, policies or
guidelines, changes in legislation or regulation and other economic,
competitive governmental, regulatory and technological factors affecting
Peoples Federal Savings Bank's operations, pricing, products and services.

CONTACT: Maurice H. Sullivan, Jr.
         Chairman and Chief Executive Officer
         Telephone: (617) 254-0707
 
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