Northeast Indiana Bancorp, Inc. Announces Cash Dividend And Holds Twenty-Sixth Annual Shareholder Meeting

Rhea-AI Summary

Northeast Indiana Bancorp (NIDB) has declared a cash dividend of $0.28 per common share, payable on May 27, 2021 to shareholders of record on May 13, 2021. The stock's book value was $38.22 as of March 31, 2021, while the last trading price was $42.10 on April 26, 2021, reflecting an annualized dividend yield of 2.7%. NIDB was also recognized as a 'Dividends Champion' in 2020, being one of 18 banks to have increased their cash dividend for 25 consecutive years. The annual shareholders' meeting took place on April 27, 2021.

Positive

• Declared a dividend of $0.28 per share.
• Recognized as a 'Dividends Champion' for 25 consecutive years of dividend increases.
• Annualized dividend yield of 2.7% based on $42.10 trading price.

Negative

• None.

HUNTINGTON, Ind., April 27, 2021 /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 $0.28 per common share.  The dividend will be payable on May 27, 2021 to shareholders of record on May 13, 2021.

Northeast Indiana Bancorp Inc. was named to the "Dividends Champions" list in 2020 by Dividendvaluebuilder.com.  This prestigious list recognizes public companies who have increased their cash dividend every year for twenty-five consecutive years or more.  Northeast Indiana Bancorp, Inc. is one of only eighteen banks to make the list out of approximately 880 public companies.  The complete list can be viewed at https://dividendvaluebuilder.com/dividend-champions-list/.

Northeast Indiana Bancorp, Inc. held its twenty-sixth annual shareholders' meeting April 27, 2021.  The shareholders selected Michael S. Zahn and Kyle D. Koob as directors of the company for terms to expire in 2024.  

The book value of NIDB's stock was $38.22 per common share as of March 31, 2021.  The last reported trade of stock at the close of business on April 26, 2021 was $42.10 per common share and the number of outstanding shares was 1,202,985 as of the same date.  The annualized dividend yield is currently 2.7% when annualizing the current quarter cash dividend of $0.28 per common share against the April 27, 2021 closing price of $42.10 per common share. 

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 and payment date for NIDB?

Northeast Indiana Bancorp announced a cash dividend of $0.28 per share, payable on May 27, 2021.

What was the stock price of NIDB on April 26, 2021?

The last reported stock price of NIDB was $42.10 on April 26, 2021.

What is the annualized dividend yield for NIDB?

The annualized dividend yield for NIDB is 2.7% based on the current dividend and stock price.

When is the record date for NIDB's dividend?

The record date for NIDB's dividend is May 13, 2021.