COLDWATER, MI (WTVB) – The Board of Directors of Southern Michigan Bancorp, Incorporated has declared a quarterly dividend of 21 cents per share on the outstanding shares of the corporation’s stock.
The dividend is payable on October 20th to shareholders of record October 6t, 20-The annualized cash dividend of 84 cents per share represents a 2.45% dividend yield based on the current market price of $34.24 per share.
Southern Michigan Bancorp, Incorporated is a bank holding company and the parent company of Southern Michigan Bank & Trust.
It operates 15 branches within Branch, Calhoun, Hillsdale, Kalamazoo and St. Joseph Counties, and a loan production office in Steuben County.
For more information, www.smb-t.com.
