COLDWATER, MI (WTVB) – The Board of Directors of Southern Michigan Bancorp, Incorporated recently declared a quarterly dividend of 22 cents per share on the outstanding shares of the corporation’s stock.
The dividend is payable on January 18, 2019 to shareholders of record January 4, 2019.
The annualized cash dividend of 88 cents per share represents a 2.1 percent dividend yield based on the current market price of $41.90 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. For more information, please visit the Southern Michigan Bank & Trust website, www.smb-t.com.
