NIDB - NORTHEAST INDIANA BANCORP INC. ANNOUNCES $0.25 SPECIAL CASH DIVIDEND
PR Newswire
HUNTINGTON, Ind. , Nov. 29, 2023 /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 $0.25 per share on the Company's common stock. The record date will be December 14, 2023 , and the payment date will be December 28, 2023 .
Commenting on the announcement, President and CEO Michael S. Zahn stated, "For the 9 th 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 $8.4 million in special dividends have been returned to our shareholders."
The book value of NIDB's stock was $18.08 per common share as of September 30, 2023 , with 2,425,670 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 six full-service Indiana offices in Huntington (2), Warsaw (2) 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 .
SOURCE Northeast Indiana Bancorp, Inc.
Company Name: | Northeast Indiana Bancorp Inc |
Stock Symbol: | NIDB |
Market: | OTC |
Website: | firstfedindiana.bank |
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