Northeast Bancorp (NBN) To Go Ex-Dividend on August 13th

Northeast Bancorp (NASDAQ:NBN) announced a quarterly dividend on Wednesday, July 29th, Zacks reports. Shareholders of record on Friday, August 14th will be given a dividend of 0.01 per share by the financial services provider on Friday, August 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Thursday, August 13th.

Northeast Bancorp has a dividend payout ratio of 2.2% meaning its dividend is sufficiently covered by earnings.

Shares of NASDAQ NBN traded down $0.37 during mid-day trading on Friday, hitting $18.33. 625 shares of the stock traded hands, compared to its average volume of 50,427. The company has a market cap of $166.43 million, a PE ratio of 7.12 and a beta of 1.73. Northeast Bancorp has a twelve month low of $6.20 and a twelve month high of $23.98. The firm has a 50 day simple moving average of $15.86 and a two-hundred day simple moving average of $16.37.

Separately, ValuEngine lowered Northeast Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday.

Northeast Bancorp Company Profile

Northeast Bancorp operates as the bank holding company for Northeast Bank that provides banking products and services to individual and corporate customers in the United States. The company's deposit products include noninterest-bearing demand deposit, savings, NOW, and money market accounts, as well as certificate of deposit accounts.

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Dividend History for Northeast Bancorp (NASDAQ:NBN)

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