NIDB - NORTHEAST INDIANA BANCORP INC. ANNOUNCES TWENTY EIGHTH ANNUAL SHAREHOLDER MEETING DATE AND QUARTERLY CASH DIVIDEND

PR Newswire

HUNTINGTON, Ind. , Feb. 2, 2023 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, has announced that the Corporation will hold its twenty eighth annual shareholders' meeting on April 25, 2023 , at 1:00 PM local time. The meeting will be held in the boardroom of First Federal Savings Bank at 100 Frontage Road, Huntington Indiana . The holders of record date for the annual meeting will be March 6, 2023 .

The Company also announced a quarterly cash dividend of $0.32 per common share. This cash dividend will be payable on March 2, 2023 to common shareholders of record on February 16, 2023 .

The book value of NIDB's stock was $35.80 per common share as of December 31, 2022 . The last reported trade of the Company's stock at the close of business on February 1, 2023 was $43.50 per common share and the number of outstanding common shares was 1,216,335 as of the same date. The annualized dividend yield is currently 2.9% when annualizing the current quarter cash dividend of $0.32 per common share against the February 1, 2023 closing price of $43.50 per common share.

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.