EVANSVILLE, Ind. - eTradeWire -- The Board of Directors of First Bancorp of Indiana, Inc. (OTCPK:FBPI) has declared a quarterly cash dividend of $0.16 per share, payable to stockholders of record as of May 31, 2023.  The dividend will be paid on or about June 15, 2023.  The annual dividend rate on this quarterly declaration is unchanged from the preceding quarter and results in an annualized dividend yield of 3.88% based on the $16.50 share price for the last reported trade as of May 23, 2023.

First Bancorp of Indiana, Inc. is the holding company for First Federal Savings Bank, Evansville, Indiana, a state-chartered commercial bank that currently operates nine offices in southwest Indiana and one office in Henderson, Kentucky.

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