Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC – Free Report) announced a dividend on Saturday, June 29, investing.com reports. Shareholders of record on Tuesday, July 9 will receive a dividend of $0.15 per share from the financial services provider on Friday, July 19, representing a yield of 3.76%. The ex-dividend date of this dividend is Monday, July 8. This is an increase from Southern Michigan Bancorp’s previous dividend of $0.14.
Southern Michigan Bancorp share price development
OTCMKTS:SOMC opened at $15.95 on Friday. The company has a 50-day moving average of $16.51 and a 200-day moving average of $16.83. The company has a market cap of $73.05 million, a price-to-earnings ratio of 6.85 and a beta of 0.27. Southern Michigan Bancorp has a 52-week low of $15.15 and a 52-week high of $19.30. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.93 and a current ratio of 0.95.
Southern Michigan Bancorp (OTCMKTS:SOMC – Get Free Report) last released its quarterly earnings results on Wednesday, April 24. The financial services provider reported earnings per share of $0.59 for the quarter. The company posted revenue of $12.04 million during the quarter. Southern Michigan Bancorp had a net margin of 13.62% and a return on equity of 11.13%.
Southern Michigan Bancorp Company Profile
(Get free report)
Southern Michigan Bancorp, Inc. serves as the bank holding company for Southern Michigan Bank & Trust, which provides a range of commercial banking services to individuals, businesses, institutions and government agencies primarily in the communities of southwest Michigan. Deposit products include interest-bearing and noninterest-bearing checking accounts, savings accounts and various types of money market accounts, time, savings and demand deposits, as well as certificates of deposit and IRAs.
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