Southern Michigan Bancorp, Inc. Declares Cash Dividend

COLDWATER, Mich., June 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly dividend of $0.15 per share on the outstanding shares of the corporation's stock. The dividend is payable on July 19, 2024, to shareholders of record July 8, 2024. The annualized cash dividend of$0.60 per share represents a 3.76% dividend yield based on the current market price of $15.95 per share. Southern Michigan Bancorp, Inc. is a bank holding company and t ...