COLDWATER, MI – (WTVB) – The Board of Directors of Southern Michigan Bancorp has declared a quarterly dividend of 23 cents per share on the outstanding shares of the corporation’s stock. The dividend is payable on January 20, 2020 to shareholders of record January 6, 2020.
The annualized cash dividend of 92 cents per share represents a 2.39 percent dividend yield based on the current market price of $38.55 per share.
Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust. It operates 13 branches within Branch, Calhoun, Hillsdale, Kalamazoo and St. Joseph Counties. For more information, visit the Southern Michigan Bank & Trust website, www.smb-t.com.
