Sturgis Bancorp, Inc. Increases Quarterly Cash Dividend

Rhea-AI Summary

Sturgis Bancorp (OTCQX:STBI) said its Board declared a quarterly cash dividend of $0.18 per common share, payable March 13, 2026, to shareholders of record at the close of business on February 13, 2026.

The declaration raises the quarterly dividend by $0.01 to the highest level in the company's history. The release also summarizes Sturgis Bancorp's subsidiaries and local banking and financial-service operations in multiple Michigan communities.

Positive

• Dividend increased to $0.18 per share
• Record date set for February 13, 2026
• Payable date set for March 13, 2026
• Highest historical quarterly dividend for the company

Negative

• Incremental raise of only $0.01 per share

STURGIS, MI / ACCESS Newswire / January 22, 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 March 13, 2026, to stockholders of record at the close of business on February 13, 2026. This declaration increases the quarterly dividend by $0.01 to 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, 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 (STBI) declare on January 22, 2026?

Sturgis Bancorp declared a quarterly cash dividend of $0.18 per share on January 22, 2026.

When is the Sturgis Bancorp (STBI) dividend payable and what is the record date?

The dividend is payable March 13, 2026 to shareholders of record at the close of business on February 13, 2026.

How much did Sturgis Bancorp (STBI) increase its quarterly dividend by in 2026?

The quarterly dividend was increased by $0.01 to $0.18 per share.

Does the January 22, 2026 STBI dividend represent a company record?

Yes, the $0.18 quarterly dividend is reported as the highest level in company history.

How can STBI shareholders confirm they will receive the March 13, 2026 dividend?

Shareholders must be on the company’s books at the close of business on February 13, 2026 to be eligible.

Where can investors find more information about Sturgis Bancorp (STBI) and its services?

Additional information is available on the company website at www.sturgis.bank.