Sturgis Bancorp, Inc. (OTCMKTS:STBI) to Issue $0.16 Quarterly Dividend

Sturgis Bancorp, Inc. (OTCMKTS:STBI) declared a quarterly dividend on Wednesday, July 21st, Zacks reports. Investors of record on Friday, August 13th will be paid a dividend of 0.16 per share by the financial services provider on Wednesday, September 15th. This represents a $0.64 annualized dividend and a yield of 3.52%. The ex-dividend date is Thursday, August 12th.

OTCMKTS STBI opened at $18.18 on Thursday. The company’s 50-day simple moving average is $19.04. The stock has a market capitalization of $38.72 million, a price-to-earnings ratio of 7.02 and a beta of 0.63. Sturgis Bancorp has a 12-month low of $14.90 and a 12-month high of $20.00.

Sturgis Bancorp (OTCMKTS:STBI) last released its quarterly earnings results on Wednesday, April 28th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of $7.05 million during the quarter.

Sturgis Bancorp Company Profile

Sturgis Bancorp, Inc is a bank holding company of Sturgis Bank & Trust Company, which engages in accepting deposits from the general public and making single family mortgage loans, as well as consumer and commercial loans. It operates through the portfolio segments: Commercial, Commercial Real Estate and Commercial Construction, Consumer, Residential and Residential Construction, and Home Equity.

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Dividend History for Sturgis Bancorp (OTCMKTS:STBI)

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