Northeast Bancorp (NBN) to Issue Quarterly Dividend of $0.01 on November 20th

Northeast Bancorp (NASDAQ:NBN) announced a quarterly dividend on Wednesday, October 25th, Wall Street Journal reports. Investors of record on Monday, November 6th will be paid a dividend of 0.01 per share by the financial services provider on Monday, November 20th. This represents a $0.04 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Friday, November 3rd.

Hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new stake in shares of Northeast Bancorp in the second quarter worth $149,000. California State Teachers Retirement System bought a new stake in shares of Northeast Bancorp in the second quarter worth $263,000. Finally, State Street Corp lifted its position in shares of Northeast Bancorp by 742.2% in the second quarter. State Street Corp now owns 84,843 shares of the financial services provider’s stock worth $1,727,000 after purchasing an additional 74,769 shares in the last quarter. 54.99% of the stock is currently owned by institutional investors and hedge funds.

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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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