COLDWATER, MI (WTVB) – The Board of Directors of Southern Michigan Bancorp has declared a quarterly dividend of $0.21 per share on the outstanding shares of the corporation’s stock.
The dividend is payable on January 19, 2018 to shareholders of record on January 5, 2018.
The annualized cash dividend of $0.84 per share represents a 2.28% dividend yield based on the current market price of $36.80 per share.
Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust. It operates 14 branches within Branch, Calhoun, Hillsdale, Kalamazoo and St. Joseph Counties, and a loan production office in Steuben County.
For more information, visit the Southern Michigan Bank & Trust website, www.smb-t.com.
