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

PR Newswire

HUNTINGTON, Ind. , Jan. 25, 2024 /PRNewswire/ - - Northeast Indiana Bancorp, Inc., (OTCQB:  NIDB), the parent company of First Federal Savings Bank, has announced that the Corporation will hold its twenty ninth annual shareholders' meeting on April 23, 2024 , 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 4, 2024 .

The Company also announced a quarterly cash dividend of $0.17 per common share.  This cash dividend will be payable on February 22, 2024 , to common shareholders of record on February 8, 2024 .

The book value of NIDB's stock was $19.15 per common share as of December 31 , 2023.  The last reported trade of the Company's stock at the close of business on January 24, 2024 was $18.00 per common share and the number of outstanding common shares was 2,429,698 as of the same date.  The annualized dividend yield is currently 3.78% when annualizing the current quarter cash dividend of $0.17 per common share against the January 24, 2024 closing price of $18.00 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.