Northeast Indiana Bancorp, Inc. Announces Twenty Seventh Annual Shareholder Meeting Date And Quarterly Cash Dividend

Rhea-AI Summary

Northeast Indiana Bancorp (NIDB) has scheduled its twenty-seventh annual shareholders' meeting for April 26, 2022, at 1:00 PM in Huntington, Indiana. Shareholders of record as of March 7, 2022, will be eligible to vote. The company will also distribute a $0.30 quarterly cash dividend on February 24, 2022, payable to shareholders on record by February 10, 2022. As of December 31, 2021, NIDB's stock book value was $40.49, with the last trade closing at $43.76.

Positive

• Quarterly cash dividend of $0.30 per common share enhances shareholder income.
• Annualized dividend yield of 2.7% indicates company confidence and financial stability.

Negative

• None.

HUNTINGTON, Ind., Jan. 27, 2022 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB:  NIDB), the parent company of First Federal Savings Bank, has announced that the Corporation will hold its twenty seventh annual shareholders' meeting on April 26, 2022 at 1:00 PM local time.  The meeting will be held in the boardroom of First Federal Savings Bank at 100 Frontage Road, Huntington Indiana.  The holders of record date for the annual meeting will be March 7, 2022.

The Company also announced a quarterly cash dividend of $0.30 per common share.  This cash dividend will be payable on February 24, 2022 to common shareholders of record on February 10, 2022.

The book value of NIDB's stock was $40.49 per common share as of December 31, 2021.  The last reported trade of the Company's stock at the close of business on January 26, 2022 was $43.76 per common share and the number of outstanding common shares was 1,205,435 as of the same date.  The annualized dividend yield is currently 2.7% when annualizing the current quarter cash dividend of $0.30 per common share against the January 26, 2022 closing price of $43.76 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 date of Northeast Indiana Bancorp's annual shareholders' meeting?

The annual shareholders' meeting is scheduled for April 26, 2022.

When will the quarterly cash dividend be paid by Northeast Indiana Bancorp?

The quarterly cash dividend will be payable on February 24, 2022.

What is the amount of the quarterly cash dividend for NIDB?

Northeast Indiana Bancorp has announced a quarterly cash dividend of $0.30 per common share.

What is the book value of NIDB's stock?

As of December 31, 2021, the book value of NIDB's stock was $40.49 per common share.

What is NIDB's annualized dividend yield?

The annualized dividend yield for NIDB is currently 2.7%.