Friday, September 17th, 2021

NEIB announces meeting, quarterly dividends

Posted: Friday, January 29, 2021

Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, has announced that the corporation will hold its twenty sixth annual shareholders’ meeting on April 27, 2021 at 1 p.m. local time. The meeting will be held in the boardroom of First Federal Savings Bank at 100 Frontage Road. The holders of record date for the annual meeting will be March 10, 2021.

The company also announced a quarterly cash dividend of $0.28 per common share. This cash dividend will be payable on February 25, 2021 to common shareholders of record on February 11, 2021.

The book value of NIDB’s stock was $37.73 per common share as of December 31, 2020. The last reported trade of the company’s stock at the close of business on January 26, 2021 was $40.00 per common share and the number of outstanding common shares was 1,210,327 as of the same date. The annualized dividend yield is currently 2.8% when annualizing the current quarter cash dividend of $0.28 per common share against the January 26, 2021 closing price of $40.00 per common share.