Southern Michigan Bancorp, Inc. Declares Cash Dividend

Rhea-AI Summary

Southern Michigan Bancorp (OTC Pink: SOMC) has declared a quarterly cash dividend of $0.16 per share, payable on July 18, 2025, to shareholders of record July 7, 2025. The annualized dividend of $0.64 per share represents a 3.08% yield based on the current market price of $20.75 per share.

Southern Michigan Bancorp operates as a bank holding company through Southern Michigan Bank & Trust, with 18 offices across Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph Counties, providing consumer, business, and wealth management services.

Positive

• Quarterly dividend of $0.16 per share maintained
• Attractive dividend yield of 3.08%
• Strong regional presence with 18 office locations

Negative

• None.

News Market Reaction

-2.10%

1 alert

-2.10% News Effect

On the day this news was published, SOMC declined 2.10%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

COLDWATER, Mich., June 24, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly cash dividend of $0.16 per share on the outstanding shares of the corporation’s stock. The dividend is payable on July 18, 2025, to shareholders of record July 7, 2025. The annualized cash dividend of $0.64 per share represents a 3.08% dividend yield based on the current market price of $20.75 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 R. Waldron, President and CEO 
(517) 279-5500

FAQ

What is Southern Michigan Bancorp's (SOMC) current dividend amount?

Southern Michigan Bancorp declared a quarterly dividend of $0.16 per share, with an annualized dividend of $0.64 per share.

When is SOMC's next dividend payment date?

The dividend is payable on July 18, 2025, to shareholders of record as of July 7, 2025.

What is Southern Michigan Bancorp's dividend yield?

Based on the current market price of $20.75 per share, SOMC's annualized dividend of $0.64 represents a 3.08% dividend yield.

How many branch locations does Southern Michigan Bancorp operate?

Southern Michigan Bank & Trust operates 18 offices across Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph Counties.

What services does Southern Michigan Bancorp (SOMC) provide?

Southern Michigan Bancorp provides a broad range of consumer, business, and wealth management services throughout its regional network.