Financial Services

First Niles Declares 5-Cent Dividend

NILES, Ohio – First Niles Financial Inc., the parent company of Home Federal Savings and Loan Association of Niles, has declared a 5-cent cash dividend for common stock and 6-cent dividend for preferred class A stock.

The quarterly dividend will be paid Sept. 20 to shareholders of record as of Sept. 6.

First Niles had $94.5 million in assets and $12.8 million in stockholders’ equity as of June 30.

In the second quarter, First Niles reported net income $121,000, a 27.4% increase from the second quarter of 2018.

Published by The Business Journal, Youngstown, Ohio.