Northeast Indiana Bancorp, Inc. Announces Cash Dividend And Holds Twenty-Sixth Annual Shareholder Meeting

HUNTINGTON, Ind., April 27, 2021 /PRNewswire/ -- 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 $0.28 per common share.  The dividend will be payable on May 27, 2021 to shareholders of record on May 13, 2021.

Northeast Indiana Bancorp Inc. was named to the "Dividends Champions" list in 2020 by Dividendvaluebuilder.com.  This prestigious list recognizes public companies who have increased their cash dividend every year for twenty-five consecutive years or more.  Northeast Indiana Bancorp, Inc. is one of only eighteen banks to make the list out of approximately 880 public companies.  The complete list can be viewed at https://dividendvaluebuilder.com/dividend-champions-list/.

Northeast Indiana Bancorp, Inc. held its twenty-sixth annual shareholders' meeting April 27, 2021.  The shareholders selected Michael S. Zahn and Kyle D. Koob as directors of the company for terms to expire in 2024.  

The book value of NIDB's stock was $38.22 per common share as of March 31, 2021.  The last reported trade of stock at the close of business on April 26, 2021 was $42.10 per common share and the number of outstanding shares was 1,202,985 as of the same date.  The annualized dividend yield is currently 2.7% when annualizing the current quarter cash dividend of $0.28 per common share against the April 27, 2021 closing price of $42.10 per common share. 

Northeast Indiana Bancorp, Inc. is headquartered at 648 N. Jefferson Street, Huntington, Indiana.  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 (2), Warsaw and Fort Wayne(2).  The Company is traded on the OTC Markets Group, Inc. (www.otcmarkets.com) utilizing the OTCQB platform under the symbol "NIDB".  Our web site address is www.firstfedindiana.bank.

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SOURCE Northeast Indiana Bancorp, Inc.