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NORTHEAST INDIANA BANCORP, INC. ANNOUNCES THIRTIETH ANNUAL SHAREHOLDER MEETING DATE AND QUARTERLY CASH DIVIDEND

1. NIDB will hold its 30th annual shareholders' meeting on April 22, 2025. 2. A quarterly cash dividend of $0.18 per share will be distributed soon. 3. Current book value is $20.14; stock closed at $18.00 as of January 28, 2025. 4. Annualized dividend yield stands at 4.00%, enhancing shareholder returns.

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Why Bullish?

The announced dividend reflects positive cash flow. Previous dividend announcements have historically boosted stock prices.

How important is it?

The article highlights key corporate actions, such as dividends, influencing NIDB's financial outlook.

Why Short Term?

The upcoming dividend payment will likely impact stock price immediately. Past trends indicate quick investor reactions to dividends.

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NIDB
HUNTINGTON, Ind., Jan. 29, 2025 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, has announced that the Corporation will hold its thirtieth annual shareholders' meeting on April 22, 2025, at 1:00 PM local time. The meeting will be held in the boardroom of First Federal Savings Bank at 100 Frontage Road, Huntington, Indiana. The holders of record date for the annual meeting will be March 3, 2025. The Company also announced a quarterly cash dividend of $0.18 per common share. This cash dividend will be payable on February 27, 2025, to common shareholders of record on February 13, 2025. The book value of NIDB's stock was $20.14 per common share as of December 31, 2024. The last reported trade of the Company's stock at the close of business on January 28, 2025 was $18.00 per common share and the number of outstanding common shares was 2,397,496 as of the same date. The annualized dividend yield is currently 4.00% when annualizing the current quarter cash dividend of $0.18 per common share against the January 28, 2025 closing price of $18.00 per common share. Northeast Indiana Bancorp, Inc. is headquartered at 648 N. Jefferson Street, Huntington, Indiana. The company offers a full array of banking and financial brokerage services to its customers through its main office in Huntington and seven full-service Indiana offices in Huntington (2), Warsaw (2) and Fort Wayne (3). The Company is traded on the OTC Markets Group, Inc. (www.otcmarkets.com) utilizing the OTCQB platform under the symbol "NIDB". Our web site address is www.firstfedindiana.bank. SOURCE Northeast Indiana Bancorp, Inc.

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