NORTHEAST INDIANA BANCORP, INC. ANNOUNCES CASH DIVIDEND, HOLDS THIRTIETH ANNUAL SHAREHOLDER MEETING, AND NAMES MICHAEL S. ZAHN CHAIRMAN OF THE BOARD OF DIRECTORS FOR FIRST FEDERAL SAVINGS BANK

Rhea-AI Summary

Northeast Indiana Bancorp (OTCQB: NIDB) has declared a cash dividend of $0.18 per common share, payable on May 22, 2025, to shareholders of record on May 8, 2025. The company's stock had a book value of $20.57 per share as of March 31, 2025, with the last reported trading price of $17.70 on April 22, 2025. The current annualized dividend yield stands at 4.07%.

At their thirtieth annual shareholders' meeting, Stephen E. Zahn was elected as director with a term expiring in 2028. Additionally, Michael S. Zahn was appointed as Chairman of the Board of Directors of First Federal Savings Bank, succeeding Stephen E. Zahn, who continues as Chairman of Northeast Indiana Bancorp.

The company operates through its main office in Huntington and seven full-service Indiana offices across Huntington, Warsaw, and Fort Wayne, offering banking and financial brokerage services.

Positive

• Regular dividend payment maintained at $0.18 per share
• Attractive dividend yield of 4.07%
• Book value ($20.57) significantly higher than current trading price ($17.70)

Negative

• None.

News Market Reaction – NIDB

+3.11%

1 alert

+3.11% News Effect

On the day this news was published, NIDB gained 3.11%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HUNTINGTON, Ind., April 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 May 22, 2025, to common shareholders of record on May 8, 2025.

The book value of NIDB's stock was $20.57 per common share as of March 31, 2025.  The last reported trade of the Company's stock at the close of business on April 22, 2025 was $17.70 per common share and the number of outstanding common shares was 2,396,896 as of the same date.  The annualized dividend yield is currently 4.07% when annualizing the current quarter cash dividend of $0.18 per common share against the April 22, 2025 closing price of $17.70 per common share. 

Northeast Indiana Bancorp, Inc. held its thirtieth annual shareholders' meeting on April 22, 2025.  The shareholders elected Stephen E. Zahn as director of the company for a term to expire in 2028. 

In addition, Michael S. Zahn was appointed Chairman of the Board Directors of First Federal Savings Bank.  This role was previously held by Stephen E. Zahn, who remains Chairman of the Board of Directors of Northeast Indiana Bancorp, Inc.

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) in 2025?

NIDB announced a quarterly dividend of $0.18 per share with a 4.07% annualized yield, based on the April 22, 2025 closing price of $17.70.

When is the next NIDB dividend payment date and record date?

The dividend will be paid on May 22, 2025, to shareholders of record as of May 8, 2025.

What is the current book value of NIDB stock as of March 2025?

The book value of NIDB stock was $20.57 per common share as of March 31, 2025.

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

As of April 22, 2025, NIDB had 2,396,896 outstanding common shares.

Who was appointed as the new Chairman of First Federal Savings Bank?

Michael S. Zahn was appointed as Chairman of the Board of Directors of First Federal Savings Bank, replacing Stephen E. Zahn.