NORTHEAST INDIANA BANCORP, INC. ANNOUNCES THIRTIETH ANNUAL SHAREHOLDER MEETING DATE AND QUARTERLY CASH DIVIDEND

Rhea-AI Summary

Northeast Indiana Bancorp (OTCQB: NIDB) has announced its thirtieth annual shareholders' meeting scheduled for April 22, 2025, at 1:00 PM in Huntington, Indiana. The record date for the meeting is March 3, 2025.

The company declared a quarterly cash dividend of $0.18 per common share, payable on February 27, 2025, to shareholders of record on February 13, 2025. The stock's book value was $20.14 per share as of December 31, 2024, with a last reported trading price of $18.00 on January 28, 2025. The current annualized dividend yield stands at 4.00%.

The company has 2,397,496 outstanding common shares and operates through its main office and seven full-service locations across Indiana, offering banking and financial brokerage services.

Positive

• Consistent dividend payment with 4.00% annualized yield
• Book value ($20.14) higher than current trading price ($18.00)
• Established presence with 8 locations across Indiana

Negative

• Stock trading below book value indicates potential market undervaluation

HUNTINGTON, Ind., Jan. 29, 2025 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, has announced that the Corporation will hold its thirtieth annual shareholders' meeting on April 22, 2025, at 1:00 PM local time. The meeting will be held in the boardroom of First Federal Savings Bank at 100 Frontage Road, Huntington, Indiana. The holders of record date for the annual meeting will be March 3, 2025.

The Company also announced a quarterly cash dividend of $0.18 per common share. This cash dividend will be payable on February 27, 2025, to common shareholders of record on February 13, 2025.

The book value of NIDB's stock was $20.14 per common share as of December 31, 2024. The last reported trade of the Company's stock at the close of business on January 28, 2025 was $18.00 per common share and the number of outstanding common shares was 2,397,496 as of the same date. The annualized dividend yield is currently 4.00% when annualizing the current quarter cash dividend of $0.18 per common share against the January 28, 2025 closing price of $18.00 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 Northeast Indiana Bancorp's (NIDB) latest quarterly dividend amount and payment date?

NIDB announced a quarterly dividend of $0.18 per common share, payable on February 27, 2025, to shareholders of record as of February 13, 2025.

What is NIDB's current dividend yield based on the January 28, 2025 stock price?

Based on the closing price of $18.00 per share on January 28, 2025, NIDB's annualized dividend yield is 4.00%.

When and where is Northeast Indiana Bancorp's 2025 annual shareholder meeting?

The thirtieth annual shareholders' meeting will be held on April 22, 2025, at 1:00 PM in the boardroom of First Federal Savings Bank at 100 Frontage Road, Huntington, Indiana.

What is the difference between NIDB's book value and market price as of January 2025?

As of December 31, 2024, NIDB's book value was $20.14 per share, while the market price was $18.00 per share as of January 28, 2025, showing a $2.14 difference.

How many outstanding shares does NIDB have as of January 2025?

Northeast Indiana Bancorp had 2,397,496 outstanding common shares as of January 28, 2025.