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

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) announced a quarterly dividend on Tuesday, March 26th, NASDAQ reports. Stockholders of record on Friday, April 5th will be paid a dividend of 0.15 per share by the financial services provider on Friday, April 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Thursday, April 4th. This is a boost from Southern Michigan Bancorp’s previous quarterly dividend of $0.14.

Southern Michigan Bancorp Trading Down 5.0 %

Shares of SOMC stock traded down $0.88 on Wednesday, reaching $16.67. The company had a trading volume of 729 shares, compared to its average volume of 4,382. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.46. The stock has a market cap of $75.35 million, a PE ratio of 6.95 and a beta of 0.29. The company has a 50-day moving average of $17.59 and a 200-day moving average of $16.76. Southern Michigan Bancorp has a 12 month low of $15.15 and a 12 month high of $20.50.

Southern Michigan Bancorp (OTCMKTS:SOMC) last issued its quarterly earnings data on Monday, February 12th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter. Southern Michigan Bancorp had a return on equity of 11.98% and a net margin of 14.88%. The business had revenue of $12.41 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.