NorthWest Indiana Bancorp, the parent company of Munster-based Peoples Bank, has announced a dividend of 22 cents per share.

The dividend is payable on April 4 to anyone who owns shares as of March 28.

The bank's common stock is traded on the OTC Bulletin Board under NWIN.

NorthWest Indiana Bancorp reported a record profit of $7.1 million last year, or $2.50 per basic and diluted share for the year. In the fourth quarter, the bank earned $1.4 million, or 48 cents per diluted and basic share.

The bank rewarded investors with a 22 cent per share dividend after the third quarter as well.

Peoples Bank has offices in Crown Point, Dyer, East Chicago, Gary, Hammond, Hobart, Merrillville, Munster, St. John, Schererville and Valparaiso.

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Business reporter

Joseph S. Pete is a Lisagor Award-winning business reporter who covers steel, industry, unions, the ports, retail, banking and more. The Indiana University grad has been with The Times since 2013 and blogs about craft beer, culture and the military.