Northeast Bank (NBN) To Go Ex-Dividend on August 9th

Northeast Bank (NASDAQ:NBN) declared a quarterly dividend on Monday, July 29th, Zacks reports. Shareholders of record on Friday, August 9th will be paid a dividend of 0.01 per share by the financial services provider on Friday, August 23rd. This represents a $0.04 dividend on an annualized basis and a yield of 0.05%. The ex-dividend date of this dividend is Friday, August 9th.

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

Northeast Bank Trading Up 1.0 %

NBN stock traded up $0.75 during trading on Wednesday, hitting $72.76. 37,005 shares of the company traded hands, compared to its average volume of 41,725. Northeast Bank has a 1 year low of $42.43 and a 1 year high of $73.79. The company has a 50-day moving average of $60.90 and a 200-day moving average of $56.19.

Northeast Bank (NASDAQ:NBN) last posted its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.91 earnings per share for the quarter. The company had revenue of $68.66 million for the quarter. During the same period in the previous year, the business posted $1.61 earnings per share.

About Northeast Bank

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.