HUNTINGTON, Ind., Nov. 25, 2015 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, is proud to announce that its Board of Directors has declared a special cash dividend of $0.50 per share on the Company's common stock. The record date will be December 9, 2015 and the payment date will be December 23, 2015.
Commenting on the announcement, President and CEO Michael S. Zahn stated, "With our sustained exceptional earnings and strong capital position, the Board of Directors has determined it appropriate to reward our shareholders with a one-time special dividend. We are fortunate to be able to share the financial success of the Company with our owners."
The book value of NIDB's stock was $27.16 per common share as of October 31, 2015 with 1,199,879 shares outstanding. 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.
SOURCE Northeast Indiana Bancorp, Inc.