NORTHEAST INDIANA BANCORP, INC. ANNOUNCES CASH DIVIDEND AND HOLDS TWENTY-SEVENTH ANNUAL SHAREHOLDER MEETING

Rhea-AI Summary

Northeast Indiana Bancorp, trading on OTCQB as NIDB, announced a cash dividend of $0.30 per common share, payable on May 26, 2022, to shareholders of record by May 12, 2022. The company's stock price closed at $46.40 on April 25, 2022, with a book value of $37.60 as of March 31, 2022, reflecting an annualized dividend yield of 2.6%. Additionally, during the annual shareholders' meeting on April 26, Stephen E. Zahn and Christopher D. Cook were re-elected as directors for terms expiring in 2025.

Positive

• Declared cash dividend of $0.30 per share, enhancing shareholder income.
• Annualized dividend yield of 2.6% at the current stock price indicates solid returns.

Negative

• None.

HUNTINGTON, Ind., April 27, 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 May 26, 2022 to shareholders of record on May 12, 2022.

Northeast Indiana Bancorp, Inc. held its twenty-seventh annual shareholders' meeting on April 26, 2022.  The shareholders elected Stephen E. Zahn and Christopher D. Cook as directors of the company for terms to expire in 2025.  The shareholders approved the Northeast Indiana Bancorp, Inc. 2022 Equity Incentive Plan.  

The book value of NIDB's stock was $37.60 per common share as of March 31, 2022.  At the close of business on April 25, 2022, the stock price was $46.40 per common share and the number of outstanding shares was 1,205,435.  The annualized dividend yield at the current stock price is 2.6%.

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 five full-service Indiana offices in Huntington (2), Warsaw 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 dividend amount for NIDB in 2022?

Northeast Indiana Bancorp declared a cash dividend of $0.30 per share for 2022.

When will the NIDB dividend be paid?

The dividend will be payable on May 26, 2022.

What is the record date for NIDB's dividend?

The record date for the dividend is May 12, 2022.

What was NIDB's stock price on April 25, 2022?

The stock price for NIDB closed at $46.40 on April 25, 2022.

What is the book value of NIDB's stock?

The book value of NIDB's stock was $37.60 per share as of March 31, 2022.

What is the annualized dividend yield for NIDB?

The annualized dividend yield for NIDB at the current stock price is 2.6%.