NORTHEAST INDIANA BANCORP, INC. INCREASES QUARTERLY CASH DIVIDEND

The increase marks the 32nd consecutive year of higher cash dividends for shareholders.

Rhea-AI Summary

Northeast Indiana Bancorp (NIDB) increased its quarterly cash dividend to $0.20 per common share, payable on November 27, 2026. The increase is $0.01 per share, or 5.26%, marking the 32nd consecutive year of dividend increases. Shareholders of record on November 12, 2026 will receive the payment. The annualized yield is 3.26%, based on the $24.56 closing price from the last reported trade on October 27, 2026.

Positive

• Minor pointQuarterly dividend increased $0.01 per share, or 5.26%, to $0.20 per common share.
• Minor pointCash dividend increases have continued for 32 consecutive years.
• Minor pointAnnualized dividend yield is 3.26% based on the $24.56 closing price on October 27, 2026.

Negative

• None.

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HUNTINGTON, Ind., Oct. 29, 2026 /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 32^nd year in a row. 

The cash dividend of $0.20 per common share per quarter represents a $0.01 per share, or 5.26%, increase over the Company's previous quarterly dividend.  President and CEO Michael S. Zahn stated, "We are pleased to reward our shareholders with our 32^nd 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 27, 2026 to shareholders of record on November 12, 2026.  This makes an annualized dividend yield of 3.26% based on a closing price of $24.56 per common share, which was the last reported trade on October 27, 2026.  The book value of NIDB's stock was $23.82 per common share as of September 30, 2026 with 2,349,909 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.

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SOURCE Northeast Indiana Bancorp, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is Northeast Indiana Bancorp's increased quarterly dividend?

The quarterly dividend is $0.20 per common share, an increase of $0.01 per share, or 5.26%, over the previous quarterly dividend.

When will NIDB pay its increased dividend, and who qualifies?

The dividend is payable on November 27, 2026 to shareholders of record on November 12, 2026.

Why did Northeast Indiana Bancorp increase its dividend?

The company cited its financial performance and capital levels as the reasons the board considered the dividend increase warranted.