Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB) to Issue Quarterly Dividend of $0.18

Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB) declared a quarterly dividend on Tuesday, October 22nd, RTT News reports. Shareholders of record on Thursday, November 7th will be paid a dividend of 0.18 per share on Thursday, November 21st. This represents a $0.72 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, November 7th. This is an increase from Northeast Indiana Bancorp’s previous quarterly dividend of $0.17.

Northeast Indiana Bancorp Stock Performance

Shares of NIDB stock opened at $18.00 on Wednesday. The business’s 50 day moving average is $17.07 and its two-hundred day moving average is $15.76. Northeast Indiana Bancorp has a twelve month low of $13.25 and a twelve month high of $19.30. The company has a market capitalization of $43.51 million, a P/E ratio of 10.59 and a beta of 0.40.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last announced its earnings results on Wednesday, October 23rd. The company reported $0.43 earnings per share for the quarter. The company had revenue of $4.81 million during the quarter.

About Northeast Indiana Bancorp

Northeast Indiana Bancorp, Inc operates as the bank holding company for First Federal Savings Bank that provides various banking and financial advisory services. The company offers checking accounts, savings accounts, retirement accounts, health savings accounts, and direct deposits, as well as certificates of deposit.