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.