Northeast Indiana Bancorp, Inc. Announces $1.25 Special Cash Dividend

Northeast Indiana Bancorp (OTCQB: NIDB) has declared a special cash dividend of $1.25 per share, marking the seventh consecutive year of issuing such dividends.

Rhea-AI Summary

Northeast Indiana Bancorp (OTCQB: NIDB) has declared a special cash dividend of $1.25 per share, marking the seventh consecutive year of issuing such dividends. The record date is set for December 9, 2021, and payment will be made on December 23, 2021. Over this period, the company has returned more than $6.3 million to shareholders. The book value of NIDB's stock stands at $40.75 per common share as of September 30, 2021, with 1,202,985 shares outstanding.

Positive

• Special cash dividend of $1.25 per share declared.
• Seventh consecutive year of issuing special dividends.
• Over $6.3 million returned to shareholders over this period.

Negative

• None.

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HUNTINGTON, Ind., Nov. 24, 2021 /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 9, 2021 and the payment date will be December 23, 2021.

Commenting on the announcement, President and CEO Michael S. Zahn stated, "For the 7^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 $6.3 million in special dividends have been returned to our shareholders."

The book value of NIDB's stock was $40.75 per common share as of September 30, 2021 with 1,202,985 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 five full-service Indiana offices in Huntington (2), Warsaw 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.

 

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SOURCE Northeast Indiana Bancorp, Inc.

FAQ

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What is the amount of the special cash dividend announced by NIDB?

NIDB announced a special cash dividend of $1.25 per share.

When is the record date for NIDB's special cash dividend?

The record date for NIDB's special cash dividend is December 9, 2021.

What is the payment date for NIDB's special cash dividend?

The payment date for NIDB's special cash dividend is December 23, 2021.

How much has NIDB returned to shareholders in special dividends over the years?

NIDB has returned over $6.3 million in special dividends to its shareholders.

What was the book value of NIDB's stock as of September 30, 2021?

The book value of NIDB's stock was $40.75 per common share as of September 30, 2021.