By Business Wirevia The Motley Fool
Filed under: Investing
First Internet Bancorp Announces Dividend and Dividend Reinvestment Plan
INDIANAPOLIS–(BUSINESS WIRE)– First Internet Bancorp (NAS: INBK) , parent company of First Internet Bank of Indiana (www.firstib.com), a premier provider of online retail and business banking services nationwide, today announced its Board of Directors has declared a dividend for the first quarter of 2013 of $0.06 per common share payable on April 15, 2013, to shareholders of record at the close of business on April 1, 2013.
The Company previously announced a special dividend of $0.25 per common share in payable on December 28, 2012, which was the first dividend in its history. The Company expects to continue paying cash dividends on a quarterly basis; however the payment and amount of any future dividends will be determined by the Board on the basis of the Company’s financial condition, earnings, regulatory constraints and other factors.
David Becker, Chairman and CEO, stated: “Our financial performance has been strong over the past two years and has enabled First Internet to continue to reward its loyal shareholders in the form of a cash dividend. In a time when it’s difficult for investors to find investments that generate meaningful returns, we feel dividends are an important way to add value to an equity investment.”
The Company reported record financial results for 2012, which included 76% year-over-year growth in net income, 8.7% asset growth to $636.37 million at December 31, 2012, and a 10.8% increase in tangible book value to $29.46 per share at December 31, 2012.
The Company also announced the availability of a Dividend Reinvestment and Stock Purchase Plan (the “Plan”), which provides shareholders a simple and convenient means of reinvesting cash dividends and making additional cash purchases of common stock on a quarterly basis without incurring brokerage fees.
For more information on the Plan, shareholders should contact Registrar and Transfer Company, which administers the Plan, keeps records, and sends statements of account to participants. Plan enrollment cards may be obtained at any time by contacting the Plan administrator and are available at the administrator’s website at www.rtco.com.
Shareholders may also opt to receive direct deposit of any future dividends to a checking or savings account by contacting the Plan administrator.
About First Internet Bancorp
First Internet Bancorp (NAS: INBK) is the parent …read more
Source: FULL ARTICLE at DailyFinance