Northeast Indiana Bancorp sets special dividend on common stock

The board of directors of Northeast Indiana Bancorp Inc., the parent company of First Federal Savings Bank, has declared a special cash dividend of 50 cents per share on the company’s common stock.

The record date will be Dec. 8 and the payment date will be Dec. 22.

“As we continue to maintain high earnings and capital levels, the board of directors is rewarding our shareholders with this additional dividend,” President and CEO Michael S. Zahn said.

The book value of NIDB’s stock was $29.97 per common share as of Sept. 30, with 1,214,879 shares outstanding.

Northeast Indiana Bancorp Inc. is headquartered at 648 N. Jefferson St., Huntington. The company offers a full array of banking and financial brokerage services to its customers through offices in Huntington, Warsaw and Fort Wayne.