NIDB - Northeast Indiana Bancorp declares 3.7% rise in dividend

Northeast Indiana Bancorp (NIDB) declares $0.28/share quarterly dividend, 3.7% increase from prior dividend of $0.27.Forward yield 3.22%Payable Nov. 27; for shareholders of record Nov. 12; ex-div Nov. 10.President and CEO Michael S. Zahn stated, "We are pleased to reward our shareholders with our 26th consecutive year of increasing our cash dividend. Due to our continued strong financial performance and capital levels, the Board of Directors feels the dividend increase is warranted." See NIDB Dividend Scorecard, Yield Chart, & Dividend Growth.

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Northeast Indiana Bancorp declares 3.7% rise in dividend