Southern Michigan Bancorp, Inc. operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest Michigan communities. Its deposit products include interest and non-interest checking, savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit and IRAs. The company also provides home mortgages and equity loans, home equity line of credit, and auto/personal loans; business loans, such as lines of credit, term loans, commercial real estate loans, commercial and industrial loans, agriculture loans, letters of credit, small business administration loans, and capital access loans; industrial, construction, real estate, and inventory loans; and consumer lending products comprising direct and indirect loans to purchasers of residential real property and consumer goods. In addition, it offers trust and investment services that include investment management, trustee, IRA rollovers and retirement plan, institutional and personal custody, estate settlement, wealth management, estate and wealth transfer planning assistance, charitable gift planning assistance, and cash management custody services; and safe deposit box and automated teller machine services. Further, the company provides online and mobile banking, bill pay, e-statements, health savings account, ACH, wire transfer, remote deposit capture, insurance, and merchant services, as well as ATM, debit, credit, and gift cards. As of March 23, 2022, it operated 13 branches within Branch, Calhoun, Hillsdale, Kalamazoo, and St. Joseph Counties. The company was founded in 1871 and is based in Coldwater, Michigan.
Southern Michigan Bancorp Dividend Announcement
• Southern Michigan Bancorp announced a quarterly dividend of $0.15 per ordinary share which will be made payable on 2024-10-18. Ex dividend date: 2024-10-09
• Southern Michigan Bancorp annual dividend for 2024 was $0.59
• Southern Michigan Bancorp annual dividend for 2023 was $0.55
• Southern Michigan Bancorp's trailing twelve-month (TTM) dividend yield is 3.35%
• Southern Michigan Bancorp's dividend growth over the last five years (2018-2023) was -8.55% year
• Southern Michigan Bancorp's dividend growth over the last ten years (2013-2023) was 1.16% year
Southern Michigan Bancorp Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-10-09 | $0.15 | quarterly | 2024-10-18 |
| 2024-07-08 | $0.15 | quarterly | 2024-07-19 |
| 2024-04-04 | $0.15 | quarterly | 2024-04-19 |
| 2024-01-04 | $0.14 | quarterly | 2024-01-19 |
| 2023-10-10 | $0.14 | quarterly | 2023-10-20 |
| 2023-07-13 | $0.14 | quarterly | 2023-07-28 |
| 2023-04-06 | $0.14 | quarterly | 2023-04-21 |
| 2023-01-05 | $0.13 | quarterly | 2023-01-20 |
| 2022-10-06 | $0.13 | quarterly | 2022-10-21 |
| 2022-07-14 | $0.13 | quarterly | 2022-07-29 |
| 2022-04-07 | $0.13 | quarterly | 2022-04-22 |
| 2022-01-06 | $0.12 | quarterly | 2022-01-21 |
| 2021-10-07 | $0.12 | quarterly | 2021-10-22 |
| 2021-07-08 | $0.12 | quarterly | 2021-07-23 |
| 2021-04-08 | $0.24 | quarterly | 2021-04-23 |
| 2021-01-07 | $0.23 | quarterly | 2021-01-22 |
| 2020-10-08 | $0.23 | quarterly | 2020-10-23 |
| 2020-07-09 | $0.23 | quarterly | 2020-07-24 |
| 2020-04-08 | $0.23 | quarterly | 2020-04-24 |
| 2020-01-02 | $0.23 | quarterly | 2020-01-17 |
| 2019-10-10 | $0.23 | quarterly | 2019-10-25 |
| 2019-07-11 | $0.23 | quarterly | 2019-07-26 |
| 2019-04-11 | $0.22 | quarterly | 2019-04-26 |
| 2019-01-03 | $0.22 | quarterly | 2019-01-18 |
| 2018-10-11 | $0.22 | quarterly | 2018-10-26 |
| 2018-07-09 | $0.22 | quarterly | 2018-07-20 |
| 2018-04-05 | $0.21 | quarterly | 2018-04-20 |
| 2018-01-04 | $0.21 | quarterly | 2018-01-19 |
| 2017-10-05 | $0.21 | quarterly | 2017-10-20 |
| 2017-07-05 | $0.21 | quarterly | 2017-07-21 |
| 2017-04-05 | $0.20 | quarterly | 2017-04-21 |
| 2017-01-04 | $0.20 | quarterly | 2017-01-20 |
| 2016-10-05 | $0.20 | quarterly | 2016-10-21 |
| 2016-07-06 | $0.18 | quarterly | 2016-07-22 |
| 2016-04-06 | $0.18 | quarterly | 2016-04-22 |
| 2016-01-06 | $0.16 | quarterly | 2016-01-22 |
| 2015-10-07 | $0.16 | quarterly | 2015-10-23 |
| 2015-06-30 | $0.16 | quarterly | 2015-07-17 |
| 2015-04-08 | $0.15 | quarterly | 2015-04-24 |
| 2015-01-07 | $0.15 | quarterly | 2015-01-23 |
| 2014-10-08 | $0.15 | quarterly | 2014-10-24 |
| 2014-07-01 | $0.15 | quarterly | 2014-07-18 |
| 2014-04-02 | $0.13 | quarterly | 2014-04-18 |
| 2014-01-08 | $0.13 | quarterly | 2014-01-24 |
| 2013-10-02 | $0.13 | quarterly | 2013-10-18 |
| 2013-07-02 | $0.12 | quarterly | 2013-07-19 |
| 2013-04-03 | $0.12 | quarterly | 2013-04-19 |
| 2013-01-09 | $0.12 | quarterly | 2013-01-25 |
Southern Michigan Bancorp Dividend per year
Southern Michigan Bancorp Dividend growth
Southern Michigan Bancorp Dividend Yield
Southern Michigan Bancorp current trailing twelve-month (TTM) dividend yield is 3.35%. Interested in purchasing Southern Michigan Bancorp stock? Use our calculator to estimate your expected dividend yield:
Southern Michigan Bancorp Financial Ratios
P/E ratio7.58
PEG ratio1.75
P/B ratio0.77
ROE10.64%
Payout ratio0.00%
Current ratio0.39
Quick ratio0.39
Cash Ratio-0.39
Southern Michigan Bancorp Dividend FAQ
How much is the next Southern Michigan Bancorp dividend?
Southern Michigan Bancorp's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Southern Michigan Bancorp dividend. The next Southern Michigan Bancorp dividend will be released in January, April, July, or October.
When is Southern Michigan Bancorp dividend paid?
Southern Michigan Bancorp pays dividends on a quarterly basis. The specific dates may vary each year but are generally around January, April, July, and October. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Southern Michigan Bancorp pay?
The specific amount of Southern Michigan Bancorp dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Southern Michigan Bancorp's dividend history.
Does Southern Michigan Bancorp stock pay dividends?
Yes, Southern Michigan Bancorp does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Southern Michigan Bancorp's dividend history.
How much dividend does Southern Michigan Bancorp pay?
Southern Michigan Bancorp paid $0.59 in 2024, $0.55 in 2023, $0.51 in 2022, $0.71 in 2021, and $0.92 in 2020.
How often does Southern Michigan Bancorp pay dividends?
Southern Michigan Bancorp typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around January, April, July, and October.
What is Southern Michigan Bancorp's dividend yield?
The current dividend yield for Southern Michigan Bancorp is 3.35%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Southern Michigan Bancorp's exact dividend yield.
When does Southern Michigan Bancorp go ex dividend?
Southern Michigan Bancorp's ex-dividend date for the latest dividend was on 2024-10-09. Southern Michigan Bancorp typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Southern Michigan Bancorp dividend paid?
Southern Michigan Bancorp pays dividends on a quarterly basis, typically around January, April, July, or October, but the exact dates can vary each year.
Will Southern Michigan Bancorp increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Southern Michigan Bancorp will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Southern Michigan Bancorp dividend per share?
Southern Michigan Bancorp paid $0.59 per share in 2024 and $0.55 per share in 2023. The amount of dividend per share that Southern Michigan Bancorp pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Southern Michigan Bancorp a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Southern Michigan Bancorp a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Southern Michigan Bancorp a dividend stock?
Yes, Southern Michigan Bancorp is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Southern Michigan Bancorp a good dividend stock?
Whether Southern Michigan Bancorp is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Southern Michigan Bancorp has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Southern Michigan Bancorp as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Southern Michigan Bancorp as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Southern Michigan Bancorp pay dividends monthly?
Southern Michigan Bancorp typically pays dividends on a quarterly basis.
Does Southern Michigan Bancorp pay dividends quarterly?
Southern Michigan Bancorp currently pays dividends on a quarterly basis.
Has Southern Michigan Bancorp ever paid a dividend?
Yes, Southern Michigan Bancorp has a history of paying dividends to its shareholders. Southern Michigan Bancorp is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Southern Michigan Bancorp dividend stocks?
To buy Southern Michigan Bancorp you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Southern Michigan Bancorp stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Southern Michigan Bancorp stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Southern Michigan Bancorp pay dividends 2024?
Southern Michigan Bancorp pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-18. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Southern Michigan Bancorp increase its dividend in 2024?
Decisions regarding Southern Michigan Bancorp dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Southern Michigan Bancorp dividend overview you can look into the above table of dividend history.
How Southern Michigan Bancorp dividend works?
The Southern Michigan Bancorp dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Southern Michigan Bancorp's dividend process works:
1. Determination of Dividend: Southern Michigan Bancorp's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Southern Michigan Bancorp publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Southern Michigan Bancorp distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Southern Michigan Bancorp are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Southern Michigan Bancorp's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Southern Michigan Bancorp publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Southern Michigan Bancorp distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Southern Michigan Bancorp are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Southern Michigan Bancorp dividends paid?
Southern Michigan Bancorp dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Southern Michigan Bancorp sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Southern Michigan Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Southern Michigan Bancorp declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Southern Michigan Bancorp sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Southern Michigan Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Southern Michigan Bancorp declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Southern Michigan Bancorp pay dividends?
Southern Michigan Bancorp typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Southern Michigan Bancorp pay dividends?
The general pattern is that Southern Michigan Bancorp pays dividends around January, April, July, and October. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Southern Michigan Bancorp dividend safe?
The safety of Southern Michigan Bancorp's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Southern Michigan Bancorp's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Southern Michigan Bancorp's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Southern Michigan Bancorp's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Southern Michigan Bancorp's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.