Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB) Raises Dividend to $0.18 Per Share

by · The Cerbat Gem

Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB – Get Free Report) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Investors of record on Thursday, November 7th will be given a dividend of 0.18 per share on Thursday, November 21st. This represents a $0.72 annualized dividend and a yield of 4.09%. This is a boost from Northeast Indiana Bancorp’s previous quarterly dividend of $0.17.

Northeast Indiana Bancorp Price Performance

Shares of OTCMKTS:NIDB remained flat at $17.60 during midday trading on Thursday. The stock’s 50-day simple moving average is $16.86 and its 200-day simple moving average is $15.73. Northeast Indiana Bancorp has a 52 week low of $13.25 and a 52 week high of $20.45. The stock has a market cap of $42.54 million, a PE ratio of 8.59 and a beta of 0.40.

About Northeast Indiana Bancorp

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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.

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