Northeast Indiana Bancorp Announces Annual Shareholder Meeting and Cash Dividend Details

Northeast Indiana Bancorp Announces Key Events for Investors

Northeast Indiana Bancorp, Inc. (OTCQB: NIDB), the parent entity of First Federal Savings Bank, has made significant announcements aimed at its shareholders. The company has set the date for its thirtieth annual shareholders' meeting, which is scheduled for April 22, 2025, at 1:00 PM local time. This important gathering will take place in the boardroom of First Federal Savings Bank located at 100 Frontage Road, Huntington, Indiana. Shareholders should mark their calendars as the record date for attending this annual meeting is March 3, 2025.

In addition to the meeting details, Northeast Indiana Bancorp has declared a quarterly cash dividend of $0.18 per common share. This dividend is particularly noteworthy for investors, as it is scheduled to be payable on February 27, 2025, to shareholders on record as of February 13, 2025.

As of December 31, 2024, the book value for NIDB shares stood at $20.14 each. The company reported that the last trade of its stock on January 28, 2025, was at $18.00 per common share, with a total of 2,397,496 outstanding shares. Investors should take note that the current annualized dividend yield amounts to 4.00%, calculated based on the latest quarterly dividend against the closing price of their stock.

Located in Huntington, Indiana, the company provides a wide range of banking and financial brokerage services. Its headquarters can be found at 648 N. Jefferson Street, while the bank operates seven full-service branches across two locations in Huntington and others in Warsaw and Fort Wayne.

The Bancorp is publicly traded via the OTC Markets Group, specifically on the OTCQB platform under the ticker symbol “NIDB.” The organization invites interested parties to visit their website First Federal Savings Bank for more details about its services and future news. This is a pivotal time for shareholders to engage with the company's management and stay informed about its trajectory.

In conclusion, shareholders and potential investors can prepare for forthcoming developments, including insights at the upcoming annual meeting, on top of benefiting from the declared cash dividend. As the financial landscape continues to evolve, Northeast Indiana Bancorp appears to be paving a solid path towards growth and shareholder satisfaction.