Northeast Indiana Bancorp Increases Quarterly Cash Dividend for 32nd Consecutive Year
Northeast Indiana Bancorp, Inc. (OTCQB: NIDB), the parent company of First Federal Savings Bank, has announced an increase in its quarterly cash dividend to $0.20 per common share. This represents a 5.26% increase over the previous dividend amount and marks the corporation's 32nd consecutive year of dividend growth. The Board of Directors cited strong financial performance and robust capital levels as the primary drivers for the hike. The increased dividend results in an annualized yield of 3.26% based on recent trading prices. The dividend is scheduled to be paid on November 27, 2026, to shareholders of record as of November 12, 2026.
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