First Niles Declares Dividends for Stockholders
NILES, Ohio – First Niles Financial Inc., the parent company of Home Federal Savings and Loan Association of Niles, has declared a 6-cent cash dividend on common stock.
The Niles-based bank also declared a 7-cent dividend on preferred class A stock.
The dividends will be payable on Dec. 20 to shareholders of record as of Dec. 6.
First Niles had $95.8 million in assets and $13 million in stockholders’ equity at the end of the third quarter.
In the third quarter, the bank reported net income of $161,000.
Copyright 2020 The Business Journal, Youngstown, Ohio.