Southern Michigan Bancorp, Inc. Declares Cash Dividend
Southern Michigan Bancorp (OTC Pink: SOMC) has declared a quarterly dividend of $0.15 per share to be paid on January 24, 2025, to shareholders of record as of January 10, 2025. The annualized cash dividend of $0.60 per share represents a 3.08% dividend yield based on the current market price of $19.50 per share.
The company operates 18 offices across Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph Counties, providing consumer, business, and wealth management services throughout the region.
Southern Michigan Bancorp (OTC Pink: SOMC) ha dichiarato un dividendo trimestrale di $0.15 per azione, che sarà pagato il 24 gennaio 2025, agli azionisti registrati al 10 gennaio 2025. Il dividendo annualizzato in contante di $0.60 per azione rappresenta un 3.08% di rendimento da dividendo basato sul prezzo di mercato attuale di $19.50 per azione.
L'azienda gestisce 18 uffici nelle contee di Branch, Calhoun, Hillsdale, Jackson, Kalamazoo e St. Joseph, offrendo servizi bancari per consumatori, aziende e gestione patrimoniale in tutta la regione.
Southern Michigan Bancorp (OTC Pink: SOMC) ha declarado un dividendo trimestral de $0.15 por acción que se pagará el 24 de enero de 2025, a los accionistas registrados hasta el 10 de enero de 2025. El dividendo en efectivo anualizado de $0.60 por acción representa un 3.08% de rendimiento por dividendo basado en el precio de mercado actual de $19.50 por acción.
La compañía opera 18 oficinas en los condados de Branch, Calhoun, Hillsdale, Jackson, Kalamazoo y St. Joseph, proporcionando servicios de consumo, negocios y gestión de patrimonio en toda la región.
사우던 미시간 방코르(OTC 핑크: SOMC)는 주당 $0.15의 분기 배당금을 발표했으며, 2025년 1월 24일에 2025년 1월 10일 기준 주주에게 지급될 예정입니다. 연간 현금 배당금 $0.60는 현재 주가 $19.50 기준으로 3.08%의 배당 수익률을 나타냅니다.
회사는 브랜치, 칼훈, 힐스데일, 잭슨, 칼라마주, 생 요셉 카운티 전역에 18개 사무소를 운영하며, 소비자, 기업 및 자산 관리 서비스를 제공합니다.
Southern Michigan Bancorp (OTC Pink: SOMC) a déclaré un dividende trimestriel de 0,15 $ par action, qui sera payé le 24 janvier 2025, aux actionnaires inscrits au 10 janvier 2025. Le dividende en espèces annualisé de 0,60 $ par action représente un rendement de dividende de 3,08 % basé sur le prix du marché actuel de 19,50 $ par action.
La société exploite 18 bureaux dans les comtés de Branch, Calhoun, Hillsdale, Jackson, Kalamazoo et St. Joseph, offrant des services bancaires aux consommateurs, aux entreprises et de gestion de patrimoine dans toute la région.
Southern Michigan Bancorp (OTC Pink: SOMC) hat eine vierteljährliche Dividende von 0,15 $ pro Aktie erklärt, die am 24. Januar 2025 an die Aktionäre ausgezahlt wird, die am 10. Januar 2025 im Aktienregister stehen. Die annualisierte Bar-Dividende von 0,60 $ pro Aktie entspricht einer 3,08% Dividendenrendite, basierend auf dem aktuellen Marktpreis von 19,50 $ pro Aktie.
Das Unternehmen betreibt 18 Büros in den Landkreisen Branch, Calhoun, Hillsdale, Jackson, Kalamazoo und St. Joseph und bietet Verbraucherdienstleistungen, Geschäftsdienstleistungen sowie Vermögensverwaltungsdienste in der gesamten Region an.
- Quarterly dividend maintained at $0.15 per share
- 3.08% dividend yield indicates strong shareholder returns
- Broad regional presence with 18 office locations
- None.
COLDWATER, Mich., Dec. 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly dividend of
Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust. It operates 18 offices within Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph Counties providing a broad range of consumer, business, and wealth management services throughout the region. For more information, please visit the Southern Michigan Bank & Trust website, www.smb-t.com.
This press release contains forward-looking statements that are based on management’s beliefs, assumptions, current expectations, estimates and projections about the financial services industry, the economy, and Southern Michigan Bancorp, Inc. Although we currently expect to continue to pay a quarterly cash dividend, each future dividend will be considered and declared by the board of directors in its discretion. Whether the board of directors continues to declare dividends depends on a number of factors, including our future financial condition and profitability. Forward-looking statements are based upon current beliefs and expectations and involve substantial risks, uncertainties, and assumptions (“risk factors”), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. We undertake no obligation to update or revise our forward-looking statements to reflect developments that occur, or information obtained after the date of this report.
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