PR Newswire
HUNTINGTON, Ind. , Nov. 23, 2022 /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 8, 2022 and the payment date will be December 22, 2022 .
Commenting on the announcement, President and CEO Michael S. Zahn stated, "For the 8 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 $7.8 million in special dividends have been returned to our shareholders."
The book value of NIDB's stock was $34.85 per common share as of September 30, 2022 with 1,205,135 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.