Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Declares Quarterly Dividend of $0.16

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) announced a quarterly dividend on Wednesday, September 24th, RTT News reports. Shareholders of record on Monday, October 6th will be paid a dividend of 0.16 per share by the financial services provider on Friday, October 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%.

Southern Michigan Bancorp Price Performance

Shares of SOMC opened at $25.00 on Friday. Southern Michigan Bancorp has a 1-year low of $17.00 and a 1-year high of $25.00. The stock has a market cap of $115.75 million, a PE ratio of 10.00 and a beta of 0.11. The firm has a 50-day simple moving average of $23.82 and a two-hundred day simple moving average of $21.14. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.94 and a quick ratio of 0.94.

Southern Michigan Bancorp (OTCMKTS:SOMC) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.70 earnings per share for the quarter. Southern Michigan Bancorp had a net margin of 13.02% and a return on equity of 10.51%. The business had revenue of $14.45 million during the quarter.

Southern Michigan Bancorp Company Profile

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.