Southern Michigan Bancorp Announces Quarterly Dividend
The Board of Directors at Southern Michigan Bancorp, Inc. (OTC: SOMC) has exciting news for investors: they've declared a quarterly cash dividend. This amounts to $0.15 per share for all outstanding shares of the company's stock. Such announcements highlight the firm's commitment to delivering value to its shareholders.
Dividend Payment Details
If you’re interested in this opportunity, the dividend will be payable on a forthcoming date to shareholders who are on record as of a specific date. This brings the annual cash dividend to $0.60 per share, reflecting a noteworthy yield of 3.47% based on the current market price of the stock.
About Southern Michigan Bancorp, Inc.
Southern Michigan Bancorp, Inc. is a trusted bank holding company and is the parent organization of Southern Michigan Bank & Trust. With 17 branches spread across multiple counties—including Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph—they offer a wide range of consumer, business, and wealth management services tailored to cater to various financial needs in the area.
Dedication to Shareholders
This declaration of dividend reflects Southern Michigan Bancorp's ongoing dedication to its shareholders. It also illustrates the proactive steps management takes to maintain financial stability. The company's robust financial health empowers it to return value to investors, reaffirming confidence in its strategic direction.
Contact Information for Inquiries
If you have questions regarding the dividend or any corporate matters, feel free to reach out to:
CONTACT: John H. Castle, Chairman (517) 279-5500
Frequently Asked Questions
What amount has Southern Michigan Bancorp declared for the dividend?
The declared quarterly dividend is $0.15 per share on the outstanding shares.
When will the dividend be paid?
The dividend payment is set to occur on a date after the record date for shareholders.
What is the current dividend yield?
The annualized cash dividend gives a yield of 3.47% based on the current market price.
How many branches does Southern Michigan Bank & Trust have?
Southern Michigan Bank & Trust operates 17 branches across several counties.
Whom should I contact for more details about the dividend?
For further information, you can contact John H. Castle, the Chairman, at (517) 279-5500.