NORTHEAST INDIANA BANCORP, INC. ANNOUNCES CASH DIVIDEND

Rhea-AI Summary

Northeast Indiana Bancorp (NIDB) announced a cash dividend of $0.30 per common share, payable on August 25, 2022, to shareholders of record by August 11, 2022. As of June 30, 2022, the book value of NIDB's stock was $34.88, and as of July 26, 2022, the stock price was $43.00, resulting in an annualized dividend yield of 2.8%.

Positive

• Declared a cash dividend of $0.30 per share.
• Annualized dividend yield of 2.8% indicates shareholder value.
• Stock price is significantly higher than book value, showcasing strong market performance.

Negative

• None.

HUNTINGTON, Ind., July 28, 2022 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB:  NIDB), the parent company of First Federal Savings Bank, has announced that the Corporation will pay a cash dividend of $0.30 per common share.  The dividend will be payable on August 25, 2022 to shareholders of record on August 11, 2022.

The book value of NIDB's stock was $34.88 per common share as of June 30, 2022.  At the close of business on July 26, 2022, the stock price was $43.00 per common share and the number of outstanding shares was 1,205,135.  The annualized dividend yield at the current stock price is 2.8%.

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

When will Northeast Indiana Bancorp pay its dividend?

Northeast Indiana Bancorp will pay its cash dividend on August 25, 2022.

What is the amount of the dividend declared by NIDB?

The declared dividend amount by NIDB is $0.30 per share.

What is the dividend yield for NIDB's stock?

The annualized dividend yield for NIDB's stock is 2.8%.

What is the record date for NIDB's dividend?

The record date for NIDB's dividend is August 11, 2022.