First Niles Financial announces dividend

First Niles Financial announces dividend

NILES

First Niles Financial Inc., the parent company of Home Federal Savings and Loan Association of Niles, announced a cash dividend of 8 cents per share on common stock and 9 cents per share on preferred class A stock for 2012’s first quarter.

The dividend will be payable March 16 to shareholders of record March 2.

As of Dec. 31, 2011, First Niles had $103.8 million in assets and $13.6 million in stockholders equity.

Youngstown homes most affordable

YOUNGSTOWN

The National Association of Home Builders says that Youngstown is the most-affordable major metro area in the U.S. to buy a home.

In Youngstown, 95.1 percent of homes sold during the quarter were said to be “affordable” to typical households earning the region’s median family income of $54,900.

Other major metro areas at the top of the affordability list included Toledo; Lakeland, Fla.; Modesto, Calif.; and Harrisburg, Pa.

Vindicator staff reports