Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) Announces Quarterly Dividend of $0.15

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) declared a quarterly dividend on Wednesday, September 25th, NASDAQ reports. Shareholders of record on Wednesday, October 9th will be given a dividend of 0.15 per share by the financial services provider on Friday, October 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Wednesday, October 9th.

Southern Michigan Bancorp Price Performance

Shares of SOMC opened at $17.40 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.93 and a quick ratio of 0.93. The company’s fifty day moving average price is $17.06 and its 200-day moving average price is $16.74. Southern Michigan Bancorp has a 1-year low of $15.15 and a 1-year high of $18.32. The firm has a market capitalization of $79.69 million, a PE ratio of 7.47 and a beta of 0.27.

Southern Michigan Bancorp (OTCMKTS:SOMC) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.55 EPS for the quarter. The company had revenue of $12.02 million during the quarter. Southern Michigan Bancorp had a return on equity of 10.64% and a net margin of 12.88%.

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.