NORTHEAST INDIANA BANCORP, INC. ANNOUNCES $0.25 SPECIAL CASH DIVIDEND

(Neutral)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Tags

dividends

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

11/29/2023 - 03:39 PM EST

HUNTINGTON, Ind., Nov. 29, 2023 /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 $0.25 per share on the Company's common stock. The record date will be December 14, 2023, and the payment date will be December 28, 2023.

Commenting on the announcement, President and CEO Michael S. Zahn stated, "For the 9^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 $8.4 million in special dividends have been returned to our shareholders."

The book value of NIDB's stock was $18.08 per common share as of September 30, 2023, with 2,425,670 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.