Financial Services

First Niles Announces 5-Cent Cash Dividend

NILES, Ohio – First Niles Financial Inc., the parent company of Home Federal Savings and Loan Association of Niles, has announced a cash dividend of 5 cents on common stock and 6 cents per share on preferred class A stock.

The quarterly dividend is payable June 21 to shareholders of record as of June 7.

As of March 31, First Niles had $99.7 million in assets and $12.3 million in stockholders’ equity.

In the first quarter of 2019, the company reported net income of $92,000.

Published by The Business Journal, Youngstown, Ohio.