Sturgis Bancorp, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

Sturgis Bancorp, Inc. (STBI) declares a quarterly cash dividend of $0.17 per common share, maintaining the highest dividend level in the company's history. The dividend is payable on June 14, 2024, to stockholders of record as of May 15, 2024.

Positive

• Sturgis Bancorp, Inc. declares a cash dividend of $0.17 per common share.
• The dividend is payable on June 14, 2024, to stockholders of record as of May 15, 2024.
• This dividend continues the quarterly dividend at the highest level in the company's history.

Negative

• None.

STURGIS, MI / ACCESSWIRE / April 22, 2024 / Sturgis Bancorp, Inc. (OTCQX:STBI) today announced that its Board of Directors has declared a cash dividend of $0.17 per common share, payable June 14, 2024, to stockholders of record at the close of business on May 15, 2024. This declaration continues the quarterly dividend at the highest level in the Company's history.

About Sturgis Bancorp, Inc.

Sturgis Bancorp, Inc. is the holding company for Sturgis Bank & Trust Company (the Bank), and its subsidiaries: Oakleaf Financial Services, Oak Mortgage, Ayres/Oak Insurance, and Oak Title Services. The Bank provides a full array of trust, commercial, and consumer banking services from banking centers in: Sturgis, Bangor, Bronson, Centreville, Climax, Colon, Marshall, Niles, Portage, South Haven, St. Joseph, Three Rivers, and White Pigeon, Michigan. Oakleaf Financial Services offers a complete range of investment and financial-advisory services. Oakleaf Mortgage offers residential mortgages in all markets of the Bank. Ayres/Oak Insurance offers various competitive commercial and consumer insurance products. Oak Title Services offers commercial and consumer title insurance services.

For additional information and updates, visit our website at www.sturgis.bank.

Sturgis Bancorp, Inc. Contacts

• Jason J. Hyska, President & CEO, or Brian P. Hoggatt, CFO - (269) 651-9345

SOURCE: Sturgis Bancorp, Inc.

View the original press release on accesswire.com

FAQ

What is the dividend amount declared by Sturgis Bancorp, Inc. (STBI)?

Sturgis Bancorp, Inc. (STBI) declared a cash dividend of $0.17 per common share.

When is the dividend payable to stockholders of Sturgis Bancorp, Inc. (STBI)?

The dividend will be payable on June 14, 2024, to stockholders of record as of May 15, 2024.

Is the declared dividend the highest in the history of Sturgis Bancorp, Inc. (STBI)?

Yes, this declaration continues the quarterly dividend at the highest level in the company's history.