NIDB - Northeast Indiana Bancorp Inc. Announces $1.25 Special Cash Dividend

PR Newswire

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 .

Commenting on the announcement, President and CEO Michael S. Zahn stated, "For the 7 ^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 $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 .

SOURCE Northeast Indiana Bancorp, Inc.