Northeast Indiana Bancorp (NIDB) will raise its quarterly dividend by 8.0 percent to $0.27 per share in 2019. This will mark the 25th consecutive year of annual dividend increases by NIDB.

The next dividend will be payable on November 21, 2019 to shareholders of record on November 7, 2019. This makes an annualized dividend yield of 2.6% based on a stock price of $41.50.

President and CEO Michael S. Zahn stated, "We are pleased to reward our shareholders with our 25th consecutive year of increasing our cash dividend.  Due to our continued strong financial performance and capital levels, the Board of Directors feels the dividend increase is warranted." 

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.