Northeast Bank (NASDAQ:NBN) Announces $0.01 Quarterly Dividend

Northeast Bank (NASDAQ:NBN) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Stockholders of record on Monday, May 13th will be paid a dividend of 0.01 per share by the financial services provider on Monday, May 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.07%. The ex-dividend date is Friday, May 10th.

Northeast Bank has a dividend payout ratio of 0.6% meaning its dividend is sufficiently covered by earnings.

Northeast Bank Stock Performance

Shares of NBN stock traded up $0.77 during mid-day trading on Thursday, reaching $53.79. 6,901 shares of the company’s stock traded hands, compared to its average volume of 25,299. Northeast Bank has a 12 month low of $34.20 and a 12 month high of $59.00. The company’s 50-day moving average price is $52.92 and its 200-day moving average price is $52.51.

Northeast Bank (NASDAQ:NBN) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.11. The business had revenue of $66.03 million for the quarter, compared to the consensus estimate of $36.34 million. During the same quarter last year, the firm posted $1.69 EPS.

Northeast Bank Company Profile

Northeast Bank provides banking services to individual and corporate customers in Maine. The company's deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and individual retirement accounts, as well as checking accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans comprising mobile home and overdraft, and deposit-secured loans; and small business administration loans.