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Northeast Indiana Bancorp, Inc. Announces Quarterly Cash Dividend

Company Release - 7/24/2019 4:41 PM ET

HUNTINGTON, Ind., July 24, 2019 /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 $0.25 per common share.  The dividend will be payable on August 21, 2019 to shareholders of record on August 7, 2019.

(PRNewsfoto/Northeast Indiana Bancorp, Inc.)

The book value of NIDB's stock was $33.34 per common share as of June 30, 2019.  The last reported trade of stock at the close of business on July 23, 2019 was $37.00 per common share and the number of outstanding shares was 1,206,327 as of the same date.  The annualized dividend yield is currently 2.7% when annualizing the current quarter cash dividend of $0.25 per common share against the July 23, 2019 closing price of $37.00 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. ( utilizing the OTCQB platform under the symbol "NIDB".  Our web site address is

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SOURCE Northeast Indiana Bancorp, Inc.

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