Southern Michigan Bancorp (SOMC) Declares $0.12 Quarterly Dividend; 2.4% Yield

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Southern Michigan Bancorp, Inc. Declares Cash Dividend

December 22, 2021 8:26 AM EST

COLDWATER, Mich., Dec. 22, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly dividend of $0.12 per share on the outstanding shares of the corporations stock. The dividend is payable on January 21, 2022 to shareholders of record January 7, 2022. The annualized cash dividend of $0.48 per share represents a 2.38% dividend yield based on the current market price... More