NORTHEAST INDIANA BANCORP, INC. ANNOUNCES CASH DIVIDEND AND SHARE REPURCHASE PLAN

Rhea-AI Summary

Northeast Indiana Bancorp (OTCQB: NIDB) has announced a quarterly cash dividend of $0.18 per share, payable on August 21, 2025, to shareholders of record as of August 7, 2025. The company also revealed a 5% share repurchase plan for approximately 120,000 shares, with 9,393 shares already purchased through July 22, 2025.

The stock's book value stands at $21.03 per share as of June 30, 2025, with a closing price of $17.50 on July 22, 2025. The dividend represents an annualized yield of 4.11%. The company currently has 2,387,503 outstanding common shares.

Positive

• Attractive dividend yield of 4.11% annually
• 5% share repurchase program approved to enhance shareholder value
• Stock trading below book value ($17.50 vs $21.03)
• Strong capital position enabling both dividend payments and share repurchases

Negative

• Limited share repurchase progress with only 9,393 shares bought of 120,000 planned

News Market Reaction – NIDB

+2.86%

1 alert

+2.86% News Effect

On the day this news was published, NIDB gained 2.86%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HUNTINGTON, Ind., July 23, 2025 /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 $0.18 per common share.  This cash dividend will be payable on August 21, 2025, to common shareholders of record on August 7, 2025.

The Company also announced the Board approved a 5%, or approximately 120,000 share repurchase plan during the Annual Meeting on April 22, 2025. CEO Mike Zahn said, "We are pleased to be in a position to continue to provide a strong dividend along with the opportunity to repurchase shares as part of our capital management plan to enhance shareholder value."  Through July 22, 2025, the Company has purchased 9,393 shares under the repurchase plan.   

The book value of NIDB's stock was $21.03 per common share as of June 30, 2025.  The last reported trade of the Company's stock at the close of business on July 22, 2025 was $17.50 per common share and the number of outstanding common shares was 2,387,503 as of the same date.  The annualized dividend yield is currently 4.11% when annualizing the current quarter cash dividend of $0.18 per common share against the July 22, 2025 closing price of $17.50 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 seven full-service Indiana offices in Huntington (2), Warsaw (2) and Fort Wayne (3).  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

What is the dividend amount and yield for Northeast Indiana Bancorp (NIDB) stock?

Northeast Indiana Bancorp announced a quarterly dividend of $0.18 per share, representing an annualized yield of 4.11% based on the July 22, 2025 closing price of $17.50.

How many shares will NIDB repurchase under its new buyback program?

The company approved a 5% share repurchase plan for approximately 120,000 shares, with 9,393 shares already purchased through July 22, 2025.

What is Northeast Indiana Bancorp's (NIDB) current stock price compared to book value?

As of July 22, 2025, NIDB's stock closed at $17.50, trading below its book value of $21.03 per share as of June 30, 2025.

When is the NIDB dividend payable and what is the record date?

The dividend is payable on August 21, 2025, to shareholders of record as of August 7, 2025.

How many outstanding shares does Northeast Indiana Bancorp (NIDB) have?

Northeast Indiana Bancorp had 2,387,503 outstanding common shares as of July 22, 2025.