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.

ILLEGAL ACTIVITY NOTICE: This report was first published by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at

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)

Receive News & Ratings for Southern Michigan Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Michigan Bancorp and related companies with's FREE daily email newsletter.

Leave a Reply