1. SOMC declared a quarterly cash dividend of $0.16 per share. 2. The dividend yield is 2.56% based on the current market price. 3. Future dividends depend on financial condition and profitability. 4. SOMC operates 18 offices in several Michigan counties.
Dividends generally attract investors and signify financial health. Comparable banks have experienced price increases following dividend announcements.
Dividend announcements typically lead to positive investor sentiment and potential stock price increases.
Immediate market response expected as dividend payment approaches. Dividends can influence prices quickly.
COLDWATER, Mich., Sept. 24, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC:SOMC) declared a quarterly cash dividend of $0.16 per share on the outstanding shares of the corporation's stock. The dividend is payable on October 17, 2025, to shareholders of record October 6, 2025. The annualized cash dividend of $0.64 per share represents a 2.56% dividend yield based on the current market price of $24.99 per share.
Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust. It operates 18 offices within Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph Counties providing a broad range of consumer, business, and wealth management services throughout the region. For more information, please visit the Southern Michigan Bank & Trust website, www.smb-t.com.
This press release contains forward-looking statements that are based on management's beliefs, assumptions, current expectations, estimates and projections about the financial services industry, the economy, and Southern Michigan Bancorp, Inc. Although we currently expect to continue to pay a quarterly cash dividend, each future dividend will be considered and declared by the board of directors in its discretion. Whether the board of directors continues to declare dividends depends on a number of factors, including our future financial condition and profitability. Forward-looking statements are based upon current beliefs and expectations and involve substantial risks, uncertainties, and assumptions ("risk factors"), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. We undertake no obligation to update or revise our forward-looking statements to reflect developments that occur, or information obtained after the date of this report.
CONTACT: John Waldron, President and CEO (517) 279-5500
