Northeast Bancorp (NBN) Declares $0.01 Quarterly Dividend; 0.1% Yield

Go back to Northeast Bancorp (NBN) Declares $0.01 Quarterly Dividend; 0.1% Yield

Northeast Bancorp Reports First Quarter Results and Declares Dividend

October 24, 2017 4:02 PM EDT

LEWISTON, Maine, Oct. 24, 2017 (GLOBE NEWSWIRE) -- Northeast Bancorp (Northeast or the Company) (NASDAQ: NBN), a Maine-based full-service financial services company and parent of Northeast Bank (the Bank), today reported net income of $3.8 million, or $0.42 per diluted common share, for the quarter ended September 30, 2017, compared to net income of $1.8 million, or $0.19 per diluted common share, for the quarter ended September 30, 2016.

The Board of Directors has also declared a cash dividend of $0.01 per share, payable on November 20, 2017 to shareholders of record as of November 6, 2017.

We began our fiscal year with a solid quarter, said Richard Wayne,... More