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 to be paid on October 17, 2025, to shareholders of record as of October 6, 2025. The annualized dividend of $0.64 per share represents a 2.56% yield based on the current market price of $24.99 per share.

The company 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

• Consistent dividend payment maintained at $0.16 per share quarterly
• Attractive dividend yield of 2.56% at current market price
• Strong regional presence with 18 branch offices across six counties

Negative

• None.

COLDWATER, Mich., Sept. 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 October 17, 2025, to shareholders of record October 6, 2025. The annualized cash dividend of $0.64 per share represents a 2.56% dividend yield based on the current market price of $24.99 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 and CEO
(517) 279-5500

FAQ

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

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

When will SOMC pay its next dividend?

SOMC will pay its quarterly dividend on October 17, 2025 to shareholders of record as of October 6, 2025.

What is the current dividend yield for Southern Michigan Bancorp stock?

Based on the current market price of $24.99 per share, SOMC's annualized dividend of $0.64 represents a 2.56% dividend yield.

How many branch offices does Southern Michigan Bank & Trust 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?

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