NORTHEAST INDIANA BANCORP, INC. ANNOUNCES CASH DIVIDEND AND HOLDS THIRTY-FIRST ANNUAL SHAREHOLDER MEETING

Rhea-AI Summary

Northeast Indiana Bancorp (OTCQB: NIDB) declared a cash dividend of $0.19 per common share, payable May 28, 2026, to shareholders of record on May 14, 2026. Book value was $23.63 per share as of March 31, 2026; last trade closed at $22.52 on April 28, 2026 with 2,365,455 shares outstanding. The annualized dividend yield using the current quarterly dividend and April 28 close is 3.37%. The company held its 31st annual meeting on April 28, 2026 and elected Dr. Julie A. Utendorf and William A. Zimmer as directors through 2029.

Positive

• Declared cash dividend of $0.19 per common share
• Dividend payable May 28, 2026 to recordholders on May 14, 2026
• Book value of $23.63 per share as of March 31, 2026
• Annualized dividend yield of 3.37% based on April 28 close

Negative

• Closing market price $22.52 is below book value $23.63 per share

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HUNTINGTON, Ind., April 29, 2026 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, has announced that the Corporation will pay a cash dividend of $0.19 per common share.  This cash dividend will be payable on May 28, 2026, to common shareholders of record on May 14, 2026.

The book value of NIDB's stock was $23.63 per common share as of March 31, 2026.  The last reported trade of the Company's stock at the close of business on April 28, 2026 was $22.52 per common share and the number of outstanding common shares was 2,365,455 as of the same date.  The annualized dividend yield is currently 3.37% when annualizing the current quarter cash dividend of $0.19 per common share against the April 28, 2026 closing price of $22.52 per common share. 

Northeast Indiana Bancorp, Inc. held its thirty-first annual shareholders' meeting on April 28, 2026.  The shareholders elected Dr. Julie A. Utendorf and William A. Zimmer as directors of the company for terms to expire in 2029. 

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 nine full-service Indiana offices in Huntington (3), Warsaw (2), Fort Wayne (3) and Roanoke (1).  The Company trades 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

What cash dividend did Northeast Indiana Bancorp (NIDB) announce for May 2026?

The company announced a cash dividend of $0.19 per common share. According to the company, the dividend is payable May 28, 2026, to shareholders of record on May 14, 2026.

What is the annualized dividend yield for NIDB based on the April 28, 2026 close?

The annualized yield is 3.37% when annualizing the $0.19 quarterly dividend. According to the company, this uses the April 28, 2026 closing price of $22.52 per share.

How many outstanding shares did Northeast Indiana Bancorp report as of April 28, 2026?

The company reported 2,365,455 outstanding common shares as of April 28, 2026. According to the company, this figure accompanies the reported closing price and dividend disclosure.

What were NIDB's book value and last reported trade price in late April 2026?

Book value was $23.63 per share as of March 31, 2026; last trade closed at $22.52 on April 28, 2026. According to the company, both figures were disclosed together.

Who was elected to the Northeast Indiana Bancorp board at the April 28, 2026 meeting?

Dr. Julie A. Utendorf and William A. Zimmer were elected as directors with terms expiring in 2029. According to the company, these elections occurred at the 31st annual shareholders' meeting.