First Niles declares quarter cash dividend

NILES – First Niles Financial Inc., the parent company of Home Federal Savings and Loan Association of Niles, will pay a cash dividend of 5 cents per share on common stock and 6 cents per share on preferred class A stock for the fourth quarter of 2014.

The dividend will be payable Dec. 19 to shareholders of record Dec. 5.

First Niles had $97.2 million in assets and $11.6 million in stockholders’ equity as of Sept. 30.

Home Federal, which primarily serves the Niles area, exceeded all its applicable regulatory capital requirements.