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Northeast Indiana Bancorp to pay USD 0.195 dividend.

BANKING AND CREDIT NEWS-April 25, 2014--Northeast Indiana Bancorp to pay USD 0.195 dividend

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25 April 2014 -- US-based bank holding company Northeast Indiana Bancorp Inc (OTCQB: NIDB) said it will pay a cash dividend of USD 0.195 per common share.

The dividend will be payable on May 20, 2014 to shareholders of record on May 6, 2014.

Northeast Indiana Bancorp Inc held its nineteenth annual shareholders' meeting April 22, 2014. The shareholders selected J David Carnes and William A Zimmer as directors of the company for terms to expire in 2017.

The book value of NIDB's stock was USD 23.42 per common share as of March 31, 2014. The last reported trade of stock at the close of business on April 22, 2014 was USD 21.35 per common share and the number of outstanding shares was 1,216,286 as of the same date.

The annualised dividend yield is currently 3.7% when annualising the current quarter cash dividend of USD 0.195 per common share against the April 22, 2014 closing price of USD 21.35 per common share.

Northeast Indiana Bancorp offers a range of banking and financial brokerage services to its customers through its main office in Huntington and five full-service Indiana offices in Huntington, Warsaw and Fort Wayne.

Find out more at www.firstfedindiana.com.

1 USD = 0.59 GBP

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Publication:M2 Banking & Credit News (BCN)
Date:Apr 25, 2014
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