Southern Michigan Bancorp (SOMC) Declares $0.15 Quarterly Dividend; 3.8% Yield

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Southern Michigan Bancorp, Inc. Declares Cash Dividend

June 26, 2024 8:23 AM EDT

COLDWATER, Mich., June 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly dividend of $0.15 per share on the outstanding shares of the corporations stock. The dividend is payable on July 19, 2024, to shareholders of record July 8, 2024. The annualized cash dividend of $0.60 per share represents a 3.76% dividend yield based on the current market price of... More