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

Northeast Bank (NASDAQ:NBN) declared a quarterly dividend on Tuesday, April 30th, Zacks reports. Investors 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 annualized dividend and a yield of 0.07%. The ex-dividend date is Friday, May 10th.

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

Northeast Bank Stock Performance

Northeast Bank stock opened at $54.61 on Thursday. The business has a 50 day simple moving average of $53.11 and a 200 day simple moving average of $52.86. Northeast Bank has a one year low of $35.62 and a one year high of $59.00.

Northeast Bank (NASDAQ:NBN) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.72 by $0.11. The firm had revenue of $66.03 million during the quarter, compared to analyst estimates of $36.34 million. During the same quarter in the prior 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.