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Northeast Indiana Bancorp to hold annual shareholders meet
Monday, February 4, 2013 8:18 AM
Northeast Indiana Bancorp, Inc., parent company of First Federal Savings Bank, will hold its 18th annual shareholders' meeting on April 23 at 1 p.m.
The meeting will be held in the board room of First Federal Savings Bank at 100 Frontage Road, Huntington. Shareholders of record on March 15, 2013, are eligible to attend the meeting.
The company has announced a quarterly cash dividend of 19 cents per common share. This cash dividend will be payable on Feb. 26 to common shareholders of record on Feb. 12.
The book value of NIDB's stock was $22.53 per common share as of Dec. 31. The last reported trade of the company's stock at the close of business on Jan. 29 was $16.65 per common share. The number of outstanding common shares was 1,239,946 as of the same date.
The annualized dividend yield is currently 4.6 percent when annualizing the current quarter cash dividend of 19 cents per common share against the Jan. 29 closing price of $16.65 per common share.