Southern Michigan Bancorp (SOMC) Raises Quarterly Dividend 7.1% to $0.15; 3.4% Yield

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Southern Michigan Bancorp, Inc. Announces Increase in Quarterly Dividend

March 26, 2024 6:00 PM EDT

COLDWATER, Mich., March 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) approved an increase to the quarterly cash dividend that will be paid in April 2024. The $0.15 per share dividend is an increase of $0.01 per share over the January 2024 cash dividend payment of $0.14 per share. The dividend is payable on April 19, 2024 to shareholders of record April 5, 2024. The annualized cash dividend of... More