Southern Michigan Bancorp, Inc. (SOMC) to Issue Quarterly Dividend of $0.15 on October 18th

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMCGet Free Report) declared a quarterly dividend on Wednesday, September 25th, NASDAQ reports. Shareholders of record on Wednesday, October 9th will be paid a dividend of 0.15 per share by the financial services provider on Friday, October 18th. This represents a $0.60 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Wednesday, October 9th.

Southern Michigan Bancorp Stock Performance

SOMC stock opened at $17.40 on Monday. Southern Michigan Bancorp has a twelve month low of $15.15 and a twelve month high of $18.32. The firm has a market cap of $79.69 million, a price-to-earnings ratio of 7.47 and a beta of 0.27. The business’s fifty day simple moving average is $17.06 and its two-hundred day simple moving average is $16.74. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.29.

Southern Michigan Bancorp (OTCMKTS:SOMCGet Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. The company had revenue of $12.02 million for the quarter. Southern Michigan Bancorp had a return on equity of 10.64% and a net margin of 12.88%.

About Southern Michigan Bancorp

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Southern Michigan Bancorp, Inc operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest Michigan communities. Its deposit products include interest and non-interest checking, savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit and IRAs.

Further Reading

Dividend History for Southern Michigan Bancorp (OTCMKTS:SOMC)

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