Northeast Indiana Bancorp pays special dividend

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Northeast Indiana Bancorp (NIDB) will pay a special dividend of $0.75 per share in 2019. Last year the company also paid a special dividend of 75 cents and earlier this year the quarterly dividend was hiked by 8.0 percent to $0.27 per share.

The special dividend will be paid on December 26, 2019 to shareholders of record on December 12, 2019. The regular quarterly dividend of 27 cents quarterly yields 2.6% annually.

Commenting on the announcement, President and CEO Michael S. Zahn stated, "For the 5th year in a row, the Bank's earnings and capital levels have allowed the Board of Directors to issue a special cash dividend.  During that period, over $3.6 million in special dividends have been returned to our shareholders."

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

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