Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) Declares Quarterly Dividend of $0.16

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) announced a quarterly dividend on Tuesday, March 18th, RTT News reports. Stockholders of record on Friday, April 4th will be paid a dividend of 0.16 per share by the financial services provider on Friday, April 18th. This represents a $0.64 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Friday, April 4th. This is a 6.7% increase from Southern Michigan Bancorp’s previous quarterly dividend of $0.15.

Southern Michigan Bancorp Price Performance

Shares of OTCMKTS SOMC opened at $19.00 on Thursday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.93 and a current ratio of 0.93. Southern Michigan Bancorp has a fifty-two week low of $15.60 and a fifty-two week high of $19.50. The firm has a market capitalization of $86.89 million, a PE ratio of 8.33 and a beta of 0.27. The stock’s 50-day simple moving average is $18.89 and its 200-day simple moving average is $18.40.

Southern Michigan Bancorp (OTCMKTS:SOMC) last released its quarterly earnings results on Friday, February 14th. The financial services provider reported $0.57 EPS for the quarter. Southern Michigan Bancorp had a return on equity of 10.30% and a net margin of 12.29%. The company had revenue of $12.95 million for 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.