October 18, 2007

People's United Financial Declares Dividend of $0.1333 Per Share

BRIDGEPORT, CONN. - People's United Financial, Inc. (NASDAQ: PBCT), a $14 billion diversified financial services company, today announced its Board of Directors declared a quarterly dividend on its common stock of $0.1333 per share. The dividend is payable November 15, 2007 to shareholders of record on November 1, 2007. Based on the closing stock price on October 17, 2007, the dividend yield on People's United Financial common stock is 3.1 percent.

People's United Financial is a diversified financial services company providing consumer and commercial banking services, in addition to insurance, trust and financial advisory services. Its principal subsidiary, People's United Bank, is a leader in supermarket banking, with 75 of its 160 branches located in Super Stop & Shop stores. Through its subsidiaries, People's United Financial provides brokerage and financial advisory services, asset management, equipment financing and insurance services.