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Northeast Indiana Bancorp, Inc. Announces $1.25 Special Cash Dividend

News Provided by PR Newswire2021-11-24
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Northeast Indiana Bancorp, Inc. Announces $1.25 Special Cash Dividend

 
[24-November-2021]
 

HUNTINGTON, Ind., Nov. 24, 2021 /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 $1.25 per share on the Company's common stock.  The record date will be December 9, 2021 and the payment date will be December 23, 2021.

(PRNewsfoto/Northeast Indiana Bancorp, Inc.)

Commenting on the announcement, President and CEO Michael S. Zahn stated, "For the 7th 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 $6.3 million in special dividends have been returned to our shareholders."

The book value of NIDB's stock was $40.75 per common share as of September 30, 2021 with 1,202,985 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 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.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/northeast-indiana-bancorp-inc-announces-1-25-special-cash-dividend-301431819.html

SOURCE Northeast Indiana Bancorp, Inc.


Company Codes: OTC-QB:NIDB, OTC-PINK:NIDB


© 2021 PR Newswire. All Rights Reserved.

The news, reports, views and opinions of authors (or source) expressed are their own and do not necessarily represent the views of CRWE World.


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