Northeast Bank Announces Quarterly Dividend of $0.01 (NASDAQ:NBN)
Northeast Bank (NASDAQ:NBN) announced a quarterly dividend on Wednesday, April 21st, Zacks reports. Stockholders of record on Thursday, May 6th will be given a dividend of 0.01 per share by the financial services provider on Thursday, May 20th. This represents a $0.04 annualized dividend and a dividend yield of 0.14%. The ex-dividend date is Wednesday, May 5th.
Northeast Bank has a payout ratio of 0.6% indicating that its dividend is sufficiently covered by earnings.
Shares of NASDAQ:NBN opened at $28.75 on Tuesday. The business has a 50 day moving average price of $27.54 and a 200 day moving average price of $24.84. Northeast Bank has a twelve month low of $14.00 and a twelve month high of $30.92. The company has a market cap of $259.90 million, a price-to-earnings ratio of 9.55 and a beta of 1.71.
Separately, TheStreet upgraded Northeast Bank from a “c+” rating to a “b-” rating in a research note on Monday, February 8th.
Northeast Bank Company Profile
Northeast Bank provides personal and business banking services in Maine, the United States. 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.
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