NORTHEAST INDIANA BANCORP, INC. ANNOUNCES $0.25 SPECIAL CASH DIVIDEND

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Northeast Indiana Bancorp, Inc. (NIDB) declares a special cash dividend of $0.25 per share on its common stock, marking the 9th consecutive year of issuing special dividends, totaling over $8.4 million. The record date is December 14, 2023, and the payment date is December 28, 2023. NIDB's book value per common share is $18.08 as of September 30, 2023. The company offers a full range of banking and financial brokerage services through its main office in Huntington and six full-service Indiana offices. NIDB is traded on the OTCQB platform under the symbol 'NIDB'.

HUNTINGTON, Ind., Nov. 29, 2023 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB:  NIDB), the parent company of First Federal Savings Bank, is proud to announce that its Board of Directors has declared a special cash dividend of $0.25 per share on the Company's common stock.  The record date will be December 14, 2023, and the payment date will be December 28, 2023.

Commenting on the announcement, President and CEO Michael S. Zahn stated, "For the 9^th year in a row, the Bank's earnings and capital levels have allowed the Board of Directors to issue a special cash dividend.  During that period, over $8.4 million in special dividends have been returned to our shareholders."

The book value of NIDB's stock was $18.08 per common share as of September 30, 2023, with 2,425,670 shares outstanding.  Northeast Indiana Bancorp, Inc. is headquartered at 648 N. Jefferson Street, Huntington, Indiana.  The Company offers a full array of banking and financial brokerage services to its customers through its main office in Huntington and six full-service Indiana offices in Huntington (2), Warsaw (2) and Fort Wayne (2).  The Company is traded on the OTC Markets Group, Inc. (www.otcmarkets.com) utilizing the OTCQB platform under the symbol "NIDB".  Our web site address is www.firstfedindiana.bank.

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SOURCE Northeast Indiana Bancorp, Inc.

FAQ

What is the special cash dividend declared by Northeast Indiana Bancorp, Inc. (NIDB)?

The company has declared a special cash dividend of $0.25 per share on its common stock.

What is the record date and payment date for the special cash dividend declared by Northeast Indiana Bancorp, Inc. (NIDB)?

The record date is December 14, 2023, and the payment date is December 28, 2023.

What is the book value per common share of Northeast Indiana Bancorp, Inc. (NIDB) as of September 30, 2023?

The book value per common share is $18.08 as of September 30, 2023.

Where is Northeast Indiana Bancorp, Inc. (NIDB) headquartered?

The company is headquartered at 648 N. Jefferson Street, Huntington, Indiana.

On which platform and under what symbol is Northeast Indiana Bancorp, Inc. (NIDB) traded?

NIDB is traded on the OTCQB platform under the symbol 'NIDB'.