Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) to Issue Quarterly Dividend of $0.15

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) announced a quarterly dividend on Tuesday, December 17th,RTT News reports. Shareholders of record on Friday, January 10th will be given a dividend of 0.15 per share by the financial services provider on Friday, January 24th. This represents a $0.60 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Friday, January 10th.

Southern Michigan Bancorp Price Performance

Shares of OTCMKTS:SOMC opened at $19.25 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.29. The firm has a 50-day simple moving average of $18.83 and a 200 day simple moving average of $17.56. Southern Michigan Bancorp has a fifty-two week low of $15.60 and a fifty-two week high of $19.50. The company has a market cap of $87.86 million, a PE ratio of 8.56 and a beta of 0.27.

Southern Michigan Bancorp (OTCMKTS:SOMC) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.57 EPS for the quarter. Southern Michigan Bancorp had a net margin of 12.27% and a return on equity of 10.19%. The business had revenue of $12.57 million during the quarter.

Southern Michigan Bancorp Company Profile

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.