Southern Michigan Bancorp, Inc. (SOMC) To Go Ex-Dividend on April 4th

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

Southern Michigan Bancorp Stock Performance

SOMC stock opened at $19.00 on Wednesday. Southern Michigan Bancorp has a one year low of $15.60 and a one year high of $19.50. The firm has a market cap of $87.99 million, a price-to-earnings ratio of 8.33 and a beta of 0.27. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a 50-day simple moving average of $18.93 and a two-hundred day simple moving average of $18.53.

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

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.