Southern Michigan Bancorp, Inc. Declares Cash Dividend
STHN MICH BANCORP INC (SOMC)
NASDAQ:AMEX Investor Relations:
smb-t.com
Company Research
Source: GlobeNewswire
COLDWATER, Mich., Sept. 25, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly dividend of $0.15 per share on the outstanding shares of the corporation’s stock. The dividend is payable on October 18, 2024, to shareholders of record October 9, 2024. The annualized cash dividend of $0.60 per share represents a 3.47% dividend yield based on the current market price of $17.29 per share. Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust. It operates 17 offices within Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph Counties providing a broad range of consumer, business, and wealth management services throughout the region. For more information, please visit the Southern Michigan Bank & Trust website, www.smb-t.com. This press release contains forward-looking statements that are based on management’s beliefs, assumptions, current expectatio
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