Southern Michigan Bancorp (SOMC) Declares $0.16 Quarterly Dividend; 2.5% Yield
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Southern Michigan Bancorp, Inc. Declares Cash Dividend
December 18, 2015 9:00 AM ESTCOLDWATER, Mich., Dec. 18, 2015 /PRNewswire/ -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly dividend of $0.16 per share on the outstanding shares of the corporation's stock. The dividend is payable on January 22, 2016 to shareholders of record January 8, 2016. The annualized cash dividend of $0.64 per share represents a 2.55% dividend yield based on the current market price of $25.10 per... More
