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Northeast Indiana Bancorp, Inc. Announces Quarterly Cash Dividend

Company Release - 7/29/2020 11:00 AM ET

HUNTINGTON, Ind., July 29, 2020 /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 $0.27 per common share.  The dividend will be payable on August 27, 2020 to shareholders of record on August 13, 2020.

(PRNewsfoto/Northeast Indiana Bancorp, Inc.)

The book value of NIDB's stock was $36.49 per common share as of June 30, 2020.  The last reported trade of stock at the close of business on July 28, 2020 was $32.75 per common share and the number of outstanding shares was 1,210,327 as of the same date.  The annualized dividend yield is currently 3.3% when annualizing the current quarter cash dividend of $0.27 per common share against the July 28, 2020 closing price of $32.75 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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