8-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

November 19, 2003

Date of Report (Date of Earliest Event Reported)

THE PEOPLES HOLDING COMPANY

(Exact Name of Registrant as Specified in its Charter)

Mississippi	1-13253	64-0676974
(State or Other Jurisdiction	(Commission File Number)	(I.R.S. Identification Number)
of Incorporation)

209 Troy Street, Tupelo, Mississippi 38802-0709

(Address of Principal Executive Offices)(Zip Code)

Registrant’s Telephone Number: (662)680-1001

ITEM 7: FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(c)	The following exhibit is filed herewith:
	99.1    Press Release, dated November 19, 2003, issued by The Peoples Holding Company.

ITEM 9: REGULATION FD DISCLOSURE.

At the close of business on November 19, 2003, The Peoples Holding Company issued a press release announcing the declaration of a quarterly cash dividend on its common stock of $0.20 per share. The press release is furnished as Exhibit 99.1 to this Form 8-K.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	THE PEOPLES HOLDING COMPANY
	Registrant
DATE: November 19, 2003	/s/ E. Robinson McGraw
	E. Robinson McGraw
	President & Chief Executive Officer

EXHIBIT INDEX
EXHIBIT NUMBER	DESCRIPTION
99.1	Press Release, dated November 19, 2003, issued by The Peoples Holding Company.

EX-99

Exhibit 99.1

The Peoples Holding Company (AMEX: PHC)

P.O. Box 709

Tupelo, MS 38801-0709

Phone: (662) 680-1001

Fax: (662) 680-1234

www.thepeoplesbankandtrust.com

Press Release

For additional information, contact:

	Jim Gray
	Executive Vice President, Investor Relations & Planning Director
	(662) 680-1217
	Stuart Johnson
	Executive Vice President & Chief Financial Officer
	(662) 680-1472
Date:	November 19, 2003

The Peoples Holding Company Declares Dividend

         At the monthly meeting on Tuesday, November 18, 2003, the board of directors of The Peoples Holding Company (AMEX: PHC) approved the payment of a quarterly cash dividend of twenty-cents ($.20) per share to be paid January 2, 2004, to shareholders of record December 15, 2003. The twenty-cents per share dividend is the equivalent of a thirty-cents ($.30) per share dividend prior to the stock split announced in October.

         On October 21, 2003 the Company announced a three-for-two stock split of its outstanding shares of common stock. The stock split will be effected in the form of a share dividend and will entitle each shareholder of record at the close of business on November 7, 2003, to receive one additional share of common stock for every two shares of The Peoples Holding Company (the"Company") common stock held on that date. The stock split is to be distributed on December 1, 2003. After the split, the Company will have approximately 8,198,000 shares of common stock outstanding and have authorization to issue up to an aggregate of 15,000,000 shares, including shares presently outstanding.

         The Company's common stock will begin trading at its post-split price on the first business day after the additional shares are distributed to shareholders, which will be December 2, 2003, assuming the additional shares are distributed on December 1, 2003.

        The Peoples Holding Company is the parent of Mississippi’s fourth largest commercial bank headquartered in the state. Through its wholly owned subsidiary, The Peoples Bank & Trust Company, the company is also parent of The Peoples Insurance Agency, Inc. The Peoples Bank has assets of approximately $1.4 billion and operates 40 community bank offices in 27 north and north central Mississippi cities.