First Niles Declares Dividend of 6 Cents on Common Stock

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

The bank also announced a dividend of 7 cents per share on preferred class A stock. 

The dividends will be payable Dec. 19  to shareholders of record Dec. 5. 

As of Sept. 30, Home Federal exceeded all of its applicable regulatory capital requirements.

First Niles had $159.3 million in assets and $17 million in stockholders’ equity as of Sept. 30. First Niles stock is quoted on the OTCID under the symbol “FNFI.”