Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Plans $0.16 Quarterly Dividend

Key Points

• Southern Michigan Bancorp Inc. has declared a quarterly dividend of $0.16 per share, payable on October 17th to investors of record on October 6th, resulting in an annualized yield of 2.6%.
• The company's stock price remained stable at $24.99, with key financial metrics including a market capitalization of $115.70 million and a P/E ratio of 10.00.
• In its latest earnings report, Southern Michigan Bancorp reported $0.70 earnings per share with a revenue of $14.45 million for the quarter, highlighting a net margin of 13.02%.

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC - Get Free Report) announced a quarterly dividend on Wednesday, September 24th, RTT News reports. Investors of record on Monday, October 6th will be given a dividend of 0.16 per share by the financial services provider on Friday, October 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%.

Southern Michigan Bancorp Price Performance

OTCMKTS SOMC remained flat at $24.99 during trading hours on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $115.70 million, a P/E ratio of 10.00 and a beta of 0.11. Southern Michigan Bancorp has a 12-month low of $17.00 and a 12-month high of $25.00. The stock's fifty day moving average is $23.72 and its 200 day moving average is $21.07.

Southern Michigan Bancorp (OTCMKTS:SOMC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter. The firm had revenue of $14.45 million for the quarter. Southern Michigan Bancorp had a net margin of 13.02% and a return on equity of 10.51%.

About Southern Michigan Bancorp

Southern Michigan Bancorp, Inc operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest Michigan communities. Its deposit products include interest and non-interest checking, savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit and IRAs.

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