Sturgis Bancorp, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

Sturgis Bancorp (OTCQX: STBI) announced that its Board of Directors declared a quarterly cash dividend of $0.18 per common share, payable on September 15, 2026 to shareholders of record as of August 14, 2026. According to the company, this maintains the dividend at the highest quarterly level in its history.

Positive

• $0.18 quarterly cash dividend declared per common share, payable September 15, 2026
• Dividend maintained at the highest quarterly level in company history

Negative

• None.

News Explained

Eligible common holders are scheduled to receive $0.18 per share, subject to the August 14, 2026 record date.

Sturgis Bancorp declared a quarterly cash dividend of $0.18 per common share on July 13, 2026, scheduled for payment on September 15, 2026 to stockholders of record at the close of business on August 14, 2026. The structural change is an announced cash distribution from the company to eligible common holders; the release describes it as payable in the future, not as already paid.

Eligibility therefore depends on being a stockholder of record on the stated record date, while the stated payment date marks when the cash distribution is scheduled to be made.

News Market Reaction – STBI

+2.63%

+2.63% Session close to close

In the Jul 13 session, STBI gained 2.63%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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

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STURGIS, MI / ACCESS Newswire / July 13, 2026 / Sturgis Bancorp, Inc. (OTCQX:STBI) today announced that its Board of Directors has declared a cash dividend of $0.18 per common share, payable September 15, 2026, to stockholders of record at the close of business on August 14, 2026. 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, 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. 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, President & CEO, or Brian P. Hoggatt, CFO
(269) 651-9345

SOURCE: Sturgis Bancorp, Inc.

View the original press release on ACCESS Newswire

FAQ

What dividend did Sturgis Bancorp (OTCQX: STBI) declare on July 13, 2026?

Sturgis Bancorp declared a quarterly cash dividend of $0.18 per common share. According to the company, the dividend is payable on September 15, 2026, to shareholders of record on August 14, 2026.

When is the record date for Sturgis Bancorp’s $0.18 dividend for STBI shareholders?

The record date for Sturgis Bancorp’s $0.18 quarterly dividend is August 14, 2026. According to the company, shareholders on record at the close of business that day will receive payment on September 15, 2026.

When will Sturgis Bancorp pay the September 2026 quarterly dividend to STBI investors?

Sturgis Bancorp will pay its quarterly cash dividend on September 15, 2026. According to the company, investors must be shareholders of record on August 14, 2026, to be eligible for the $0.18 per share payment.

Is the $0.18 quarterly dividend the highest in Sturgis Bancorp’s history for STBI?

Yes, the $0.18 per share quarterly dividend is at the highest level in Sturgis Bancorp’s history. According to the company, this declaration continues the dividend at that peak quarterly rate.

How often does Sturgis Bancorp (STBI) pay its cash dividend?

Sturgis Bancorp pays its dividend on a quarterly basis. According to the company, the July 13, 2026 declaration continues the quarterly cash dividend at $0.18 per common share, the highest quarterly level in its history.