Southern Michigan Bancorp, Inc. Declares Cash Dividend
COLDWATER, Mich., Sept. 23, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly dividend of $0.17 per share on the outstanding shares of the corporation’s stock. The dividend is payable on October 16, 2026, to shareholders of record October 5, 2026. The annualized cash dividend of $0.68 per share represents a 2.19% dividend yield based on the current market price of $31.00 per share.