Northeast Indiana Bancorp (NIDB, Financial) has announced a cash dividend of $0.18 per share for its common stock, with the payment scheduled for May 22, 2025. Shareholders recorded by May 8 will be eligible to receive this dividend. As of March 31, the book value per share for NIDB was recorded at $20.57.
The company's stock closed at $17.70 per share on April 22, 2025, the same day as its thirtieth annual shareholders’ meeting, which saw a total of 2,396,896 common shares outstanding. Based on the closing price, the annualized dividend yield stands at 4.07% when the current quarterly dividend is annualized.
During the recent shareholders' meeting, Stephen Zahn was elected as a director for the term expiring in 2028. Additionally, Michael Zahn was appointed as the Chairman of the Board Directors of First Federal Savings Bank, taking over from Stephen Zahn. Despite this transition, Stephen Zahn continues as the Chairman of the Board of Directors for Northeast Indiana Bancorp, Inc.
