HUNTINGTON, Ind., April 29, 2015 /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 $0.20 per common
share. The dividend will be payable on May 27, 2015 to shareholders of record on
May 13, 2015.
Northeast Indiana Bancorp, Inc. held its twentieth annual
shareholders' meeting April 28,
2015. The shareholders selected Michael S. Zahn and Kyle
D. Koob as directors of the company for terms to expire in
2018.
The book value of NIDB's stock was $25.94 per common share as of March 31, 2015. The last reported trade of
stock at the close of business on April 28,
2015 was $26.25 per common
share and the number of outstanding shares was 1,199,879 as of the
same date. The annualized dividend yield is currently 3.0%
when annualizing the current quarter cash dividend of $0.20 per common share against the April 28, 2015 closing price of $26.25 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 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.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/northeast-indiana-bancorp-inc-announces-cash-dividend-and-holds-twentieth-annual-shareholder-meeting-300074458.html
SOURCE Northeast Indiana Bancorp, Inc.