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

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 paid 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 is Monday, July 8th. This is a boost from Southern Michigan Bancorp’s previous dividend of $0.14.

Southern Michigan Bancorp Price Performance

Shares of OTCMKTS SOMC opened at $15.95 on Friday. The stock has a market cap of $73.05 million, a PE ratio of 6.85 and a beta of 0.27. Southern Michigan Bancorp has a fifty-two week low of $15.15 and a fifty-two 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. The stock has a fifty day moving average of $16.51 and a 200-day moving average of $16.82.

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

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.