NIDB - NORTHEAST INDIANA BANCORP INC. ANNOUNCES CASH DIVIDEND

PR Newswire

HUNTINGTON, Ind. , July 28, 2022 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB:  NIDB), the parent company of First Federal Savings Bank, has announced that the Corporation will pay a cash dividend of $0.30 per common share.  The dividend will be payable on August 25, 2022 to shareholders of record on August 11, 2022 .

The book value of NIDB's stock was $34.88 per common share as of June 30 , 2022.  At the close of business on July 26, 2022 , the stock price was $43.00 per common share and the number of outstanding shares was 1,205,135.  The annualized dividend yield at the current stock price is 2.8%.

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.