First Federal sets 19-cent dividend payment

Northeast Indiana Bancorp, the parent company of First Federal Savings Bank, has announced that it will pay a cash dividend of 19 cents per common share.

The dividend will be payable on May 21, 2013, to shareholders of record on May 7, 2013.

Northeast Indiana Bancorp held its 18th annual shareholders' meeting on April 23, selecting Stephen E. Zahn and Dan L. Stephan as directors of the company for terms to expire in 2016.

The book value of NIDB's stock was $22.64 per common share as of March 31, 2013.

The last reported trade of stock at the close of business on April 24, 2013 was $17.50 per common share and the number of outstanding shares was 1,239,946 as of the same date. The annualized dividend yield is currently 4.3 percent.