Southern Michigan Bancorp (SOMC) Raises Quarterly Dividend 6.7% to $0.16; 3.4% Yield
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Southern Michigan Bancorp, Inc. Announces Increase in Quarterly Dividend
March 19, 2025 7:42 AM EDTCOLDWATER, Mich., March 19, 2025 (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 2025. The $0.16 per share dividend is an increase of $0.01 per share over the January 2025 cash dividend payment of $0.15 per share. The dividend is payable on April 18, 2025, to shareholders of record April 4, 2025. The annualized cash dividend of $0.64... More
