COLDWATER, MI. – (WTVB) – The Board of Directors of Southern Michigan Bancorp, Incorporated has declared a quarterly dividend of 23 cents per share on the outstanding shares of the corporation’s stock.
The dividend is payable on April 24, 2020 to shareholders of record April 10, 2020.
The annualized cash dividend of 92 cents per share represents a 3.54% dividend yield based on the current market price of $26 per share.
Southern Michigan Bancorp, Incorporated is a bank holding company and the parent company of Southern Michigan Bank & Trust. For more information, please visit the Southern Michigan Bank & Trust website, www.smb-t.com.
