LEWISTON — Northeast Bancorp, the parent company for Northeast Bank, announced today that its board of directors has declared a dividend of $.09 per share, which will be payable to shareholders Aug. 27.

Northeast Bancorp has paid a regular cash dividend each quarter since its inception as a public company, according to a statement issued by the company.

Northeast Bancorp is the holding company for Northeast Bank, which is headquartered in Lewiston.