Southern Michigan Bancorp (SOMC) Raises Quarterly Dividend 6.3% to $0.17; 2.7% Yield
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Southern Michigan Bancorp, Inc. Announces Increase in Quarterly Dividend
March 18, 2026 7:40 AM EDTCOLDWATER, Mich., March 18, 2026 (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 2026. The $0.17 per share dividend is an increase of $0.01 per share over the January 2026 cash dividend payment of $0.16 per share. The dividend is payable on April 17, 2026, to shareholders of record April 3, 2026. The annualized cash dividend of $0.68 per share represents a 2.67% dividend yield based on the current... More
