- Northeast Indiana Bancorp (NIDB, Financial) announces a quarterly cash dividend of $0.18 per share, with a record date of May 8, 2025.
- The company has appointed Michael S. Zahn as Chairman of First Federal Savings Bank.
- The stock's current book value is $20.57 per share, exceeding the latest trading price of $17.70.
Northeast Indiana Bancorp, Inc. (OTCQB: NIDB) has declared a cash dividend of $0.18 per common share, to be paid on May 22, 2025, for shareholders recorded by May 8, 2025. The book value of the company's stock, as of March 31, 2025, was $20.57 per share, while the last trading price reported on April 22, 2025, was $17.70 per share. This translates into a current annualized dividend yield of approximately 4.07%.
During its thirtieth annual shareholders' meeting, held on April 22, 2025, Stephen E. Zahn was elected as a director, with his term set to expire in 2028. Furthermore, Michael S. Zahn was appointed as Chairman of the Board of Directors for First Federal Savings Bank, succeeding Stephen E. Zahn, who continues as Chairman of Northeast Indiana Bancorp.
Northeast Indiana Bancorp operates out of its main office in Huntington and maintains seven full-service offices in Indiana, located in Huntington, Warsaw, and Fort Wayne. The company trades under the symbol "NIDB" on the OTCQB platform. As of April 22, 2025, there were 2,396,896 outstanding common shares of the company.
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