HUNTINGTON, Ind., July 27, 2016 /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 $0.21 per common share. The dividend will be payable on August 23, 2016 to shareholders of record on August 9, 2016.
The book value of NIDB's stock was $28.49 per common share as of June 30, 2016. The last reported trade of stock at the close of business on July 26, 2016 was $29.26 per common share and the number of outstanding shares was 1,207,379 as of the same date. The annualized dividend yield is currently 2.9% when annualizing the current quarter cash dividend of $0.21 per common share against the July 26, 2016 closing price of $29.26 per common share.