COLDWATER, MI (WTVB) – The Board of Directors of Southern Michigan Bancorp has declared a quarterly dividend of 20 cents per share on the outstanding shares of the corporation’s stock. The dividend is payable on April 21 to shareholders of record on April 7, 2017.
During 2016, the Board of Directors approved two separate two cent a share increases in the quarterly cash dividend, raising the quarterly dividend from 16 cents a share to the current 20 cent per share level.
Southern Michigan Bancorp, Incorporated is a bank holding company and the parent company of Southern Michigan Bank & Trust.
It operates 15 branches in Branch, Calhoun, Hillsdale, Kalamazoo and St. Joseph Counties.
