Northeast Bancorp Plans Quarterly Dividend of $0.01 (NASDAQ:NBN)

Northeast Bancorp (NASDAQ:NBN) declared a quarterly dividend on Friday, July 28th, Wall Street Journal reports. Stockholders of record on Friday, August 11th will be paid a dividend of 0.01 per share by the financial services provider on Friday, August 25th. This represents a $0.04 annualized dividend and a dividend yield of 0.19%. The ex-dividend date is Wednesday, August 9th.

Northeast Bancorp (NASDAQ NBN) opened at 21.45 on Tuesday. The firm has a market cap of $189.42 million, a price-to-earnings ratio of 15.54 and a beta of 0.32. Northeast Bancorp has a 52 week low of $10.75 and a 52 week high of $22.35. The stock’s 50 day moving average price is $20.89 and its 200 day moving average price is $17.17.

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Separately, ValuEngine upgraded Northeast Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

About Northeast Bancorp

Northeast Bancorp is a bank holding company. The Company’s banking subsidiary is Northeast Bank (the Bank). The Company provides a range of banking services to individual and corporate customers throughout south-central and western Maine and conducts loan purchasing and origination activities nationwide through its subsidiary.

Dividend History for Northeast Bancorp (NASDAQ:NBN)

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