Northeast Bancorp (NBN) Declares $0.01 Quarterly Dividend; 0.2% Yield

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Northeast Bancorp Reports First Quarter Results and Declares Dividend

October 29, 2018 4:15 PM EDT

LEWISTON, Maine, Oct. 29, 2018 (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 $4.5 million, or $0.49 per diluted common share, for the quarter ended September 30, 2018, compared to net income of $4.6 million, or $0.50 per diluted common share, for the quarter ended September 30, 2017.

On October 29, 2018, the Board of Directors declared a cash dividend of $0.01 per share, payable on November 23, 2018, to shareholders of record as of November 9, 2018.

We started fiscal 2019 with a solid first quarter, said Richard Wayne, President and Chief... More