HUNTINGTON, Ind., Nov. 24, 2021 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB:  NIDB), the parent company of First Federal Savings Bank, is proud to announce that its Board of Directors has declared a special cash dividend of $1.25 per share on the Company's common stock.  The record date will be December 9, 2021 and the payment date will be December 23, 2021.

Commenting on the announcement, President and CEO Michael S. Zahn stated, "For the 7^th year in a row, the Bank's earnings and capital levels have allowed the Board of Directors to issue a special cash dividend.  During that period, over $6.3 million in special dividends have been returned to our shareholders."

More on indianastop.com

• Federal Defendants Acquitted of Conspiracy to Possess and Possession of 279 kilos of cocaine
• Indianapolis Logistics Company Helping Ease Supply Chain with Acquisition of Local Transportation Co
• Hoy to Keep Your Life Productive by Ismail Sirdah
• How to Choose the Best Bamboo Cheese Board for Your Kitchen
• USIC Expands Shareholder Base in Advance of Next Steps toward Achieving Most Desirable Workplace Status and Enhanced Value Creation for Customers

The book value of NIDB's stock was $40.75 per common share as of September 30, 2021 with 1,202,985 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 main office in Huntington and five full-service Indiana offices in Huntington (2), Warsaw and Fort Wayne (2).  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.

SOURCE Northeast Indiana Bancorp, Inc.

---

Show All News | Report Violation