Northeast Indiana Bancorp, Inc. Announces Quarterly Cash Dividend

Jul 29, 2015, 15:01 ET from Northeast Indiana Bancorp, Inc.

HUNTINGTON, Ind., July 29, 2015 /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 $0.20 per common share.  The dividend will be payable on August 25, 2015 to shareholders of record on August 11, 2015.

The book value of NIDB's stock was $26.22 per common share as of June 30, 2015.  The last reported trade of stock at the close of business on July 28, 2015 was $28.00 per common share and the number of outstanding shares was 1,199,879 as of the same date.  The annualized dividend yield is currently 2.9% when annualizing the current quarter cash dividend of $0.20 per common share against the July 28, 2015 closing price of $28.00 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. ( utilizing the OTCQB platform under the symbol "NIDB".  Our web site address is

SOURCE Northeast Indiana Bancorp, Inc.