NORTHEAST INDIANA BANCORP, INC. INCREASES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

Northeast Indiana Bancorp (OTCQB: NIDB) announced a quarterly cash dividend increase to $0.19 per common share, a $0.01 (5.56%) rise that marks the 31st consecutive year of dividend increases. The dividend is payable Nov 28, 2025 to shareholders of record on Nov 13, 2025. Based on a closing share price of $20.00 on Oct 28, 2025, this equates to an annualized dividend yield of 3.80%. The company's book value was $22.37 per share as of Sept 30, 2025, with 2,376,066 shares outstanding. The company operates nine full-service Indiana branches and trades on the OTCQB under the symbol NIDB.

Positive

• 31st consecutive annual dividend increase
• Quarterly dividend raised to $0.19 per share (+5.56%)
• Annualized dividend yield of 3.80% based on $20 close
• Book value of $22.37 per share as of Sept 30, 2025

Negative

• Market price $20.00 below book value $22.37
• Dividend rise is modest at only $0.01 per quarter

HUNTINGTON, Ind., Oct. 29, 2025 /PRNewswire/ -- The Board of Directors of Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, is proud to announce the Corporation has increased the cash dividend paid to shareholders for the 31^st year in a row. 

The cash dividend of $0.19 per common share per quarter represents a $0.01 per share, or 5.56%, increase over the Company's previous quarterly dividend.  President and CEO Michael S. Zahn stated, "We are pleased to reward our shareholders with our 31^st consecutive year of increasing our cash dividend.  Due to our continued strong financial performance and capital levels, the Board of Directors feels the dividend increase is warranted." The cash dividend will be payable on November 28, 2025 to shareholders of record on November 13, 2025. This makes an annualized dividend yield of 3.80% based on a closing price of $20.00 per common share, which was the last reported trade on October 28, 2025.  The book value of NIDB's stock was $22.37 per common share as of September 30, 2025 with 2,376,066 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 nine full-service Indiana offices in Huntington (3), Warsaw (2), Fort Wayne (3) and Roanoke (1).  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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/northeast-indiana-bancorp-inc-increases-quarterly-cash-dividend-302598557.html

SOURCE Northeast Indiana Bancorp, Inc.

FAQ

What dividend did Northeast Indiana Bancorp (NIDB) declare on Oct 29, 2025?

The company declared a quarterly cash dividend of $0.19 per share, effective for the Nov 28, 2025 payment.

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

The dividend is payable on Nov 28, 2025 to shareholders of record on Nov 13, 2025.

How much did NIDB increase its dividend and how long has it increased dividends?

The quarterly dividend was increased by $0.01 (a 5.56% increase), marking the 31st consecutive year of increases.

What dividend yield does NIDB's $0.19 quarterly dividend imply?

Based on the $20.00 closing price on Oct 28, 2025, the annualized yield is 3.80%.

What is NIDB's book value and shares outstanding reported for Sept 30, 2025?

Book value was reported as $22.37 per share with 2,376,066 shares outstanding as of Sept 30, 2025.

Where does Northeast Indiana Bancorp trade and under what symbol?

The company trades on the OTCQB platform under the symbol NIDB.