What is the dividend yield for Southern Michigan Bancorp (SOMC) based on the current share price?

Southern Michigan Bancorp reports an annualized dividend yield of 2.13% based on a $32.00 share price. According to Southern Michigan Bancorp, this yield is calculated from the annualized dividend of $0.68 per share derived from the quarterly $0.17 dividend.

Southern Michigan Bancorp, Inc. Declares Cash Dividend

Q: When is the SOMC July 2026 dividend payment date and record date?

The SOMC dividend will be paid on July 17, 2026 to shareholders of record on July 6, 2026 . According to Southern Michigan Bancorp, investors must own shares before the record date to receive this quarterly cash dividend.

Q: How often does Southern Michigan Bancorp (SOMC) pay its cash dividend?

Southern Michigan Bancorp has declared a quarterly cash dividend of $0.17 per share. According to Southern Michigan Bancorp, this quarterly rate corresponds to an annualized dividend of $0.68 per share , implying regular cash distributions to eligible shareholders throughout the year.

Q: What does the July 2026 SOMC dividend mean for Southern Michigan Bancorp shareholders?

The July 2026 SOMC dividend provides shareholders with a $0.17 per share cash payment. According to Southern Michigan Bancorp, the annualized rate of $0.68 per share and a 2.13% yield offer ongoing income based on the current share price of $32.00.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Southern Michigan Bancorp (OTC Pink: SOMC) declared a quarterly cash dividend of $0.17 per share. The dividend is payable on July 17, 2026 to shareholders of record on July 6, 2026.

The annualized dividend of $0.68 per share reflects a 2.13% yield based on a $32.00 share price.

Positive

Quarterly dividend declared at $0.17 per share
Annualized dividend of $0.68 per share
Dividend yield of 2.13% based on $32.00 share price

Negative

None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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06/24/2026 - 07:20 AM

COLDWATER, Mich., June 24, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly dividend of $0.17 per share on the outstanding shares of the corporation’s stock. The dividend is payable on July 17, 2026, to shareholders of record July 6, 2026. The annualized cash dividend of $0.68 per share represents a 2.13% dividend yield based on the current market price of $32.00 per share.

Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust. It operates 18 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.

CONTACT: John Waldron, President & CEO
(517) 279-5500

FAQ

What dividend did Southern Michigan Bancorp (OTC Pink: SOMC) declare on June 24, 2026?

Southern Michigan Bancorp declared a quarterly cash dividend of $0.17 per share. According to Southern Michigan Bancorp, this dividend translates into an annualized cash dividend of $0.68 per share for shareholders based on the current declared rate.

When is the SOMC July 2026 dividend payment date and record date?

The SOMC dividend will be paid on July 17, 2026 to shareholders of record on July 6, 2026. According to Southern Michigan Bancorp, investors must own shares before the record date to receive this quarterly cash dividend.

How often does Southern Michigan Bancorp (SOMC) pay its cash dividend?

Southern Michigan Bancorp has declared a quarterly cash dividend of $0.17 per share. According to Southern Michigan Bancorp, this quarterly rate corresponds to an annualized dividend of $0.68 per share, implying regular cash distributions to eligible shareholders throughout the year.

What does the July 2026 SOMC dividend mean for Southern Michigan Bancorp shareholders?

The July 2026 SOMC dividend provides shareholders with a $0.17 per share cash payment. According to Southern Michigan Bancorp, the annualized rate of $0.68 per share and a 2.13% yield offer ongoing income based on the current share price of $32.00.