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First Federal Savings Bank announces dividends

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 27 cents per common share.

The dividend will be payable on Aug. 27 to shareholders of record on Aug. 13.

The book value of NIDB’s stock was $36.49 per common share as of June 30. 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 percent when annualizing the current quarter cash dividend of 27 cents per common share against the July 28 closing price of $32.75 per common share.

Northeast Indiana Bancorp, Inc. is headquartered at 648 N. Jefferson St.

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, Warsaw and Fort Wayne.

The company is traded on the OTC Markets Group, Inc. (www.otcmarkets.com) utilizing the OTCQB platform under the symbol “NIDB.”

The company’s web address is www.firstfedindiana.bank.