Tuesday, September 19th, 2017

NEIB announces cash dividend at meeting

Posted: Friday, April 28, 2017

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 $0.22 per common share. The dividend will be payable on May 23, 2017 to shareholders of record on May 9, 2017.

Northeast Indiana Bancorp, Inc. held its twenty-second annual shareholders' meeting April 25, 2017. The shareholders selected J. David Carnes and William A. Zimmer as directors of the company for terms to expire in 2020.

The book value of NIDB’s stock was $28.34 per common share as of March 31, 2017. The last reported trade of stock at the close of business on April 24, 2017 was $35.00 per common share and the number of outstanding shares was 1,214,879 as of the same date. The annualized dividend yield is currently 2.5% when annualizing the current quarter cash dividend of $0.22 per common share against the April 24, 2017 closing price of $35.00 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 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.