Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) Announces $0.15 Quarterly Dividend

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) declared a quarterly dividend on Wednesday, December 18th,RTT News reports. Investors of record on Friday, January 10th will be paid a dividend of 0.15 per share by the financial services provider on Friday, January 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.12%.

Southern Michigan Bancorp Stock Down 1.3 %

SOMC opened at $19.25 on Thursday. The company has a market capitalization of $87.88 million, a P/E ratio of 8.56 and a beta of 0.28. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s fifty day moving average price is $18.29 and its two-hundred day moving average price is $17.23. Southern Michigan Bancorp has a fifty-two week low of $15.15 and a fifty-two week high of $19.50.

Southern Michigan Bancorp (OTCMKTS:SOMC) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $0.57 earnings per share for the quarter. The business had revenue of $12.57 million for the quarter. Southern Michigan Bancorp had a net margin of 12.27% and a return on equity of 10.19%.

Southern Michigan Bancorp Company Profile

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.