Southern Michigan Bancorp, Inc. (SOMC) to Issue Quarterly Dividend of $0.15 on April 19th

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMCGet Free Report) announced a quarterly dividend on Tuesday, March 26th, NASDAQ reports. Shareholders of record on Friday, April 5th will be paid a dividend of 0.15 per share by the financial services provider on Friday, April 19th. This represents a $0.60 annualized dividend and a yield of 3.48%. The ex-dividend date is Thursday, April 4th. This is a boost from Southern Michigan Bancorp’s previous quarterly dividend of $0.14.

Southern Michigan Bancorp Price Performance

Southern Michigan Bancorp stock opened at $17.25 on Tuesday. The company has a 50 day moving average of $17.63 and a 200-day moving average of $16.73. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.46. Southern Michigan Bancorp has a twelve month low of $15.15 and a twelve month high of $20.50. The stock has a market capitalization of $77.97 million, a PE ratio of 7.19 and a beta of 0.28.

Southern Michigan Bancorp (OTCMKTS:SOMCGet Free Report) last announced its earnings results on Monday, February 12th. The financial services provider reported $0.54 earnings per share for the quarter. Southern Michigan Bancorp had a net margin of 14.88% and a return on equity of 11.98%. The firm had revenue of $12.41 million during the quarter.

Southern Michigan Bancorp Company Profile

(Get Free Report)

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.

See Also

Dividend History for Southern Michigan Bancorp (OTCMKTS:SOMC)

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