Southern Michigan Bancorp, Inc. Declares Cash Dividend
Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) has declared a quarterly dividend of $0.15 per share on its outstanding stock. The dividend will be payable on October 18, 2024, to shareholders of record as of October 9, 2024. This translates to an annualized cash dividend of $0.60 per share, representing a 3.47% dividend yield based on the current market price of $17.29 per share.
Southern Michigan Bancorp, Inc. is a bank holding company and the parent of Southern Michigan Bank & Trust. The company operates 17 offices across six counties in Michigan, offering a range of consumer, business, and wealth management services throughout the region.
Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) ha dichiarato un dividendo trimestrale di $0,15 per azione sulle sue azioni in circolazione. Il dividendo sarà pagabile il 18 ottobre 2024, per gli azionisti registrati al 9 ottobre 2024. Questo si traduce in un dividendo in contanti annualizzato di $0,60 per azione, che rappresenta un rendimento da dividendo del 3,47% basato sul prezzo di mercato attuale di $17,29 per azione.
Southern Michigan Bancorp, Inc. è una holding bancaria e la capogruppo di Southern Michigan Bank & Trust. L'azienda gestisce 17 filiali in sei contee del Michigan, offrendo una gamma di servizi per consumatori, imprese e gestione patrimoniale in tutta la regione.
Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) ha declarado un dividendo trimestral de $0,15 por acción sobre sus acciones en circulación. El dividendo será pagadero el 18 de octubre de 2024, a los accionistas registrados hasta el 9 de octubre de 2024. Esto se traduce en un dividendo en efectivo anualizado de $0,60 por acción, lo que representa un rendimiento de dividendo del 3,47% basado en el precio de mercado actual de $17,29 por acción.
Southern Michigan Bancorp, Inc. es una compañía de tenencia bancaria y la matriz de Southern Michigan Bank & Trust. La empresa opera 17 sucursales en seis condados de Michigan, ofreciendo una variedad de servicios de consumo, empresarial y de gestión de patrimonio en toda la región.
사우던 미시간 뱅코프, Inc. (OTC Pink: SOMC)는 자사 발행 주식에 대해 주당 $0.15의 분기 배당금을 선언했습니다. 이 배당금은 2024년 10월 18일에 지급되며, 2024년 10월 9일 기준 주주에게 지급됩니다. 이는 주당 $0.60의 연간 현금 배당금으로 변환되며, 현재 시장 가격인 주당 $17.29을 기준으로 3.47%의 배당 수익률을 나타냅니다.
사우던 미시간 뱅코프, Inc.는 은행 지주 회사이자 사우던 미시간 은행 및 신탁의 모회사입니다. 이 회사는 미시간의 6개 카운티에서 17개의 사무소를 운영하며, 지역 내 소비자, 비즈니스 및 자산 관리 서비스를 제공합니다.
Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) a déclaré un dividende trimestriel de 0,15 $ par action sur ses actions en circulation. Le dividende sera payable le 18 octobre 2024 aux actionnaires enregistrés au 9 octobre 2024. Cela correspond à un dividende en espèces annualisé de 0,60 $ par action, représentant un rendement de dividende de 3,47% basé sur le prix du marché actuel de 17,29 $ par action.
Southern Michigan Bancorp, Inc. est une société holding bancaire et la société mère de Southern Michigan Bank & Trust. L'entreprise gère 17 bureaux dans six comtés au Michigan, offrant une gamme de services pour les consommateurs, les entreprises et la gestion de patrimoine dans toute la région.
Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) hat eine vierteljährliche Dividende von 0,15 $ pro Aktie auf die ausstehenden Aktien erklärt. Die Dividende wird am 18. Oktober 2024 an die Aktionäre gezahlt, die am 9. Oktober 2024 im Besitz sind. Dies entspricht einer annualisierten Bardividende von 0,60 $ pro Aktie, was einer Dividendenrendite von 3,47% basierend auf dem aktuellen Marktpreis von 17,29 $ pro Aktie entspricht.
Southern Michigan Bancorp, Inc. ist eine Bankholdinggesellschaft und die Muttergesellschaft der Southern Michigan Bank & Trust. Das Unternehmen betreibt 17 Niederlassungen in sechs Bezirken in Michigan und bietet eine Vielzahl von Verbraucher-, Geschäfts- und Vermögensverwaltungsdiensten in der Region an.
- Declared quarterly dividend of $0.15 per share
- Annualized cash dividend of $0.60 per share
- 3.47% dividend yield based on current market price
- None.
COLDWATER, Mich., Sept. 25, 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 17 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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