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Northeast Indiana Bancorp declares results of annual meeting and dividend of USD0.21 per share.

M2 EQUITYBITES-April 28, 2016-Northeast Indiana Bancorp declares results of annual meeting and dividend of USD0.21 per share


Northeast Indiana Bancorp Inc (OTCQB:NIDB) disclosed on Wednesday that it will pay a common stock cash dividend of USD0.21 per share.

The dividend to shareholders of record on 10 May 2016 will be paid on 24 May 2016.

Also, the company stated that it held its twenty-first annual shareholders' meeting on 26 April 2016 and its shareholders selected Stephen E. Zahn and Randy J. Sizemore as directors of for terms that will expire in 2019.

Further, the book value of the company's common stock was USD27.78 per share as of 31 March 2016 and the last reported trade of stock at the close of business on 26 April was USD29.50 per share. It had 1,199,879 outstanding shares as of the same date. The annual dividend yield is 2.8% at present, calculated on an annual current quarter cash dividend of USD0.21 per share, against the closing price of USD29.50 per share on 26 April 2016.

The parent company of First Federal Savings Bank, Northeast Indiana offers a full range of banking and financial brokerage services through its main office in Huntington and five full-service Indiana offices in Huntington, Warsaw and Fort Wayne. The company is based at 648 North Jefferson Street, Huntington, Indiana.

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Publication:M2 EquityBites (EQB)
Geographic Code:1U3IN
Date:Apr 28, 2016
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