Published 1 month ago

Southern Michigan Bancorp, Inc. Announces Increase in Quarterly Dividend - Southern Michigan Bancorp (OTC:SOMC)

Summary by Ground News

The annualized cash dividend of $0.60 per share represents a 3.42% dividend yield based on the current market price of $17.55 per share. Southern Michigan Bancorp, Inc. operates 15 branches within Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph Counties.

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Benzinga

Southern Michigan Bancorp, Inc. Announces Increase in Quarterly Dividend - Southern Michigan Bancorp (OTC:SOMC)

COLDWATER, Mich., March 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC:SOMC) approved an increase to the quarterly cash dividend that will be paid in April 2024. The $0.15 per share dividend is an increase of $0.01 per share over the January 2024 cash dividend payment of $0.14 per share. The dividend is payable on April 19, 2024 to shareholders of record April 5, 2024. The annualized cash dividend o…

1 month ago·New York, United States

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