Sturgis Bancorp, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

Sturgis Bancorp, Inc. (OTCQX:STBI) has announced a quarterly cash dividend of $0.17 per common share, payable on December 13, 2024, to stockholders of record as of November 15, 2024. This dividend maintains the highest level in the company's history.

Sturgis Bancorp is the holding company for Sturgis Bank & Trust Company and its subsidiaries, offering a range of banking and financial services. The Bank operates in multiple locations across Michigan, providing trust, commercial, and consumer banking services. Its subsidiaries offer investment advisory, mortgage, insurance, and title services.

Positive

• Maintained quarterly dividend at the highest level in company history
• Diverse range of financial services offered through multiple subsidiaries
• Extensive geographical presence across Michigan

Negative

• None.

STURGIS, MI / ACCESSWIRE / October 18, 2024 / Sturgis Bancorp, Inc. (OTCQX:STBI) today announced that its Board of Directors has declared a cash dividend of $0.17 per common share, payable December 13, 2024, to stockholders of record at the close of business on November 15, 2024. This declaration continues the quarterly dividend at the highest level in the Company's history.

About Sturgis Bancorp, Inc.

Sturgis Bancorp, Inc. is the holding company for Sturgis Bank & Trust Company (the Bank), and its subsidiaries: Oakleaf Financial Services, Oak Mortgage, Ayres/Oak Insurance, and Oak Title Services. The Bank provides a full array of trust, commercial, and consumer banking services from banking centers in: Sturgis, Bangor, Bronson, Centreville, Climax, Colon, Marshall, Niles, Portage, South Haven, St. Joseph, Three Rivers, and White Pigeon, Michigan. Oakleaf Financial Services offers a complete range of investment and financial-advisory services. Oakleaf Mortgage offers residential mortgages in all markets of the Bank. Ayres/Oak Insurance offers various competitive commercial and consumer insurance products. Oak Title Services offers commercial and consumer title insurance services.

For additional information and updates, visit our website at www.sturgis.bank.

Sturgis Bancorp, Inc. Contacts

• Jason J. Hyska, CEO & President, or Brian P. Hoggatt, CFO - (269) 651-9345

SOURCE: Sturgis Bancorp, Inc.

View the original press release on accesswire.com

FAQ

What is the dividend amount declared by Sturgis Bancorp (STBI) for Q4 2024?

Sturgis Bancorp (STBI) has declared a quarterly cash dividend of $0.17 per common share for Q4 2024.

When is the dividend payable for Sturgis Bancorp (STBI) shareholders?

The dividend is payable on December 13, 2024, to Sturgis Bancorp (STBI) stockholders of record at the close of business on November 15, 2024.

How does the Q4 2024 dividend compare to Sturgis Bancorp's (STBI) previous dividends?

The Q4 2024 dividend of $0.17 per share continues the quarterly dividend at the highest level in Sturgis Bancorp's (STBI) history.

What services does Sturgis Bancorp (STBI) offer through its subsidiaries?

Sturgis Bancorp (STBI) offers a range of services through its subsidiaries, including trust, commercial and consumer banking, investment advisory, residential mortgages, insurance products, and title insurance services.