Northeast Indiana Bancorp (NIBD) will raise it’s quarterly dividend to $0.22 per share. 

The dividend will be payable on November 22, 2016 to shareholders of record on November 8, 2016.

The cash dividend of $0.22 per common share represents a 4.8% increase over the Company's previous quarterly dividend.  President and CEO Michael S. Zahn stated, "Based on the Bank's financial performance and strong capital levels, the Board of Directors feels an increase in our dividend for our shareholders is warranted.  We've been fortunate to reward the shareholder base with an increase in the dividend year after year."

The new dividend yield for Northeast Indiana Bancorp, the parent company of First Federal Savings Bank, is 2.9% based on a closing price of $30.11 per common share.

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.