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 April 20 to shareholders of record April 6, 2018.
Southern Michigan Bancorp says the annualized cash dividend of 84 cents per share represents a 2.31% dividend yield based on the current market price of $36.40 per share.
Southern Michigan Bancorp, Incorporated is a bank holding company and the parent company of Southern Michigan Bank & Trust.
It operates 14 branches in Branch, Calhoun, Hillsdale, Kalamazoo and St. Joseph Counties, and a loan production office in Steuben County.
