Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) Raises Dividend to $0.15 Per Share

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) declared a dividend on Saturday, June 29th, investing.com reports. Stockholders of record on Tuesday, July 9th will be given a dividend of 0.15 per share by the financial services provider on Friday, July 19th. This represents a dividend yield of 3.76%. The ex-dividend date of this dividend is Monday, July 8th. This is a boost from Southern Michigan Bancorp’s previous dividend of $0.14.

Southern Michigan Bancorp Trading Down 0.3 %

OTCMKTS:SOMC opened at $15.95 on Monday. The firm’s 50 day moving average is $16.51 and its 200 day moving average is $16.84. Southern Michigan Bancorp has a 12 month low of $15.15 and a 12 month high of $19.30. The stock has a market capitalization of $73.05 million, a PE ratio of 6.85 and a beta of 0.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.52.

Southern Michigan Bancorp (OTCMKTS:SOMC) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.59 EPS for the quarter. The firm had revenue of $12.04 million for the quarter. Southern Michigan Bancorp had a return on equity of 11.13% and a net margin of 13.62%.

About Southern Michigan Bancorp

Southern Michigan Bancorp, Inc operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest Michigan communities. Its deposit products include interest and non-interest checking, savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit and IRAs.