Southern Michigan Bancorp Inc. (SOMC) to Issue $0.21 Quarterly Dividend

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) declared a quarterly dividend on Tuesday, December 19th, Zacks reports. Shareholders of record on Friday, January 5th will be paid a dividend of 0.21 per share by the financial services provider on Friday, January 19th. This represents a $0.84 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, January 4th.

Shares of Southern Michigan Bancorp (OTCMKTS:SOMC) traded up $0.15 during mid-day trading on Wednesday, reaching $36.95. The company’s stock had a trading volume of 2,688 shares, compared to its average volume of 1,331. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.51. The stock has a market cap of $88.10, a price-to-earnings ratio of 13.78 and a beta of 0.17. Southern Michigan Bancorp has a 12 month low of $29.05 and a 12 month high of $45.00.

Southern Michigan Bancorp (OTCMKTS:SOMC) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.75 earnings per share for the quarter. The company had revenue of $7.42 million for the quarter. Southern Michigan Bancorp had a return on equity of 9.04% and a net margin of 20.68%.

Separately, ValuEngine lowered Southern Michigan Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th.

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Southern Michigan Bancorp Company Profile

Southern Michigan Bancorp, Inc is a bank holding company and the parent company of Southern Michigan Bank & Trust (the Bank), Southern Michigan Bancorp Capital Trust I and 27 Marshall Street LLC. The Bank operates over 10 branches within Branch, Calhoun, Hillsdale, Kalamazoo and St. Joseph Counties. The Bank provides a range of consumer, business and wealth management services.

Dividend History for Southern Michigan Bancorp (OTCMKTS:SOMC)

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