Sturgis Bancorp, Inc. operates as the bank holding company for Sturgis Bank & Trust Company that provides banking products and services in Michigan, the United States. The company offers checking, savings and health savings, and money market accounts; and certificates of deposit and individual retirement accounts. It also provides mortgage, automobile, savings secured, personal, home equity, equipment and machinery, government supported, and commercial real estate loans, as well as home equity lines of credit and business lines of credit; and credit cards. In addition, the company offers private banking, cashier checks, wire transfers, foreign drafts and foreign currency, overdraft protection, night depository, and notary services, as well as safe deposit boxes and residential mortgages. Further, it provides direct deposit, remote deposit capture, Visa check card, and checks reorder services; and investment and financial-advisory services, as well as commercial and consumer insurance and title insurance products. Additionally, the company offers estate and asset management services, such as estate settlements, trust administration, record keeping, investment management, and custody services; cash and treasury management; and online and mobile banking, bill pay, and mobile wallet services. It operates through 14 bank facilities and 4 full service standalone ATMs located in 12 communities in Michigan. Sturgis Bancorp, Inc. was founded in 1905 and is headquartered in Sturgis, Michigan.
Sturgis Bancorp Dividend Announcement
• Sturgis Bancorp announced a quarterly dividend of $0.17 per ordinary share which will be made payable on 2024-09-13. Ex dividend date: 2024-08-15
• Sturgis Bancorp annual dividend for 2024 was $0.51
• Sturgis Bancorp annual dividend for 2023 was $0.68
• Sturgis Bancorp's trailing twelve-month (TTM) dividend yield is 3.95%
• Sturgis Bancorp's dividend growth over the last five years (2018-2023) was 3.59% year
Sturgis Bancorp Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-15 | $0.17 | quarterly | 2024-09-13 |
| 2024-05-14 | $0.17 | quarterly | |
| 2024-02-14 | $0.17 | quarterly | 2024-03-15 |
| 2023-11-14 | $0.17 | quarterly | 2023-12-15 |
| 2023-08-14 | $0.17 | quarterly | 2023-09-15 |
| 2023-05-12 | $0.17 | quarterly | 2023-06-15 |
| 2023-02-14 | $0.17 | quarterly | 2023-03-15 |
| 2022-11-14 | $0.17 | quarterly | 2022-12-15 |
| 2022-08-12 | $0.17 | quarterly | 2022-09-15 |
| 2022-05-12 | $0.17 | quarterly | 2022-06-15 |
| 2022-02-14 | $0.17 | quarterly | 2022-03-15 |
| 2021-11-12 | $0.16 | quarterly | 2021-12-15 |
| 2021-08-12 | $0.16 | quarterly | 2021-09-15 |
| 2021-05-13 | $0.16 | quarterly | 2021-06-15 |
| 2021-02-11 | $0.16 | quarterly | 2021-03-15 |
| 2020-11-12 | $0.16 | quarterly | 2020-12-15 |
| 2020-08-13 | $0.16 | quarterly | 2020-09-15 |
| 2020-05-14 | $0.16 | quarterly | 2020-06-15 |
| 2020-02-13 | $0.16 | quarterly | 2020-03-16 |
| 2019-11-14 | $0.15 | quarterly | 2019-12-13 |
| 2019-08-14 | $0.15 | quarterly | 2019-09-13 |
| 2019-05-14 | $0.15 | quarterly | 2019-06-14 |
| 2019-02-14 | $0.15 | quarterly | 2019-03-15 |
| 2018-11-14 | $0.15 | quarterly | 2018-12-14 |
| 2018-08-14 | $0.14 | quarterly | 2018-09-14 |
| 2018-05-14 | $0.14 | quarterly | 2018-06-15 |
| 2018-02-14 | $0.14 | quarterly | 2018-03-15 |
| 2017-11-14 | $0.12 | quarterly | 2017-12-15 |
| 2017-08-11 | $0.12 | quarterly | 2017-09-15 |
| 2017-05-11 | $0.12 | quarterly | 2017-06-15 |
| 2017-02-13 | $0.12 | quarterly | 2017-03-15 |
| 2016-11-10 | $0.12 | quarterly | 2016-12-15 |
| 2016-08-11 | $0.12 | quarterly | 2016-09-15 |
| 2016-05-11 | $0.10 | quarterly | 2016-06-15 |
| 2016-02-10 | $0.08 | quarterly | 2016-03-15 |
| 2015-11-10 | $0.05 | quarterly | 2015-12-15 |
| 2015-08-12 | $0.03 | quarterly | 2015-09-15 |
| 2015-05-13 | $0.03 | quarterly | 2015-06-15 |
| 2015-02-11 | $0.03 | quarterly | 2015-03-13 |
| 2014-11-12 | $0.03 | quarterly | 2014-12-15 |
| 2014-08-13 | $0.02 | quarterly | 2014-09-15 |
| 2014-05-13 | $0.02 | quarterly | 2014-06-13 |
| 2014-02-12 | $0.02 | quarterly | 2014-03-14 |
| 2011-08-22 | $0.01 | quarterly | 2011-09-15 |
| 2011-05-11 | $0.01 | quarterly | 2011-06-15 |
| 2011-02-11 | $0.01 | quarterly | 2011-03-15 |
Sturgis Bancorp Dividend per year
Sturgis Bancorp Dividend growth
Sturgis Bancorp Dividend Yield
Sturgis Bancorp current trailing twelve-month (TTM) dividend yield is 3.95%. Interested in purchasing Sturgis Bancorp stock? Use our calculator to estimate your expected dividend yield:
Sturgis Bancorp Financial Ratios
P/E ratio17.32
PEG ratio0.69
P/B ratio0.69
ROE3.91%
Payout ratio0.00%
Current ratio0.15
Quick ratio0.29
Cash Ratio0.12
Sturgis Bancorp Dividend FAQ
How much is the next Sturgis Bancorp dividend?
Sturgis 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 Sturgis Bancorp dividend. The next Sturgis Bancorp dividend will be released in February, May, August, or November.
When is Sturgis Bancorp dividend paid?
Sturgis Bancorp pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. 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 Sturgis Bancorp pay?
The specific amount of Sturgis 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 Sturgis Bancorp's dividend history.
Does Sturgis Bancorp stock pay dividends?
Yes, Sturgis 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 Sturgis Bancorp's dividend history.
How much dividend does Sturgis Bancorp pay?
Sturgis Bancorp paid $0.51 in 2024, $0.68 in 2023, $0.68 in 2022, $0.64 in 2021, and $0.64 in 2020.
How often does Sturgis Bancorp pay dividends?
Sturgis 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 February, May, August, and November.
What is Sturgis Bancorp's dividend yield?
The current dividend yield for Sturgis Bancorp is 3.95%. 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 Sturgis Bancorp's exact dividend yield.
When does Sturgis Bancorp go ex dividend?
Sturgis Bancorp's ex-dividend date for the latest dividend was on 2024-08-15. Sturgis 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 Sturgis Bancorp dividend paid?
Sturgis Bancorp pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Sturgis 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 Sturgis 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 Sturgis Bancorp dividend per share?
Sturgis Bancorp paid $0.51 per share in 2024 and $0.68 per share in 2023. The amount of dividend per share that Sturgis 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 Sturgis 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 Sturgis 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 Sturgis Bancorp a dividend stock?
Yes, Sturgis Bancorp is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Sturgis Bancorp a good dividend stock?
Whether Sturgis 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. Sturgis Bancorp has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Sturgis 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 Sturgis 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 Sturgis Bancorp pay dividends monthly?
Sturgis Bancorp typically pays dividends on a quarterly basis.
Does Sturgis Bancorp pay dividends quarterly?
Sturgis Bancorp currently pays dividends on a quarterly basis.
Has Sturgis Bancorp ever paid a dividend?
Yes, Sturgis Bancorp has a history of paying dividends to its shareholders. Sturgis Bancorp is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Sturgis Bancorp dividend stocks?
To buy Sturgis 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 Sturgis 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 Sturgis 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 Sturgis Bancorp pay dividends 2024?
Sturgis Bancorp pays dividends on a quarterly basis. 2024 dividend payments are in 2024-09-13. 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 Sturgis Bancorp increase its dividend in 2024?
Decisions regarding Sturgis 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 Sturgis Bancorp dividend overview you can look into the above table of dividend history.
How Sturgis Bancorp dividend works?
The Sturgis 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 Sturgis Bancorp's dividend process works:
1. Determination of Dividend: Sturgis 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, Sturgis 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, Sturgis 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 Sturgis 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: Sturgis 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, Sturgis 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, Sturgis 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 Sturgis 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 Sturgis Bancorp dividends paid?
Sturgis Bancorp dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Sturgis 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, Sturgis 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: Sturgis 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: Sturgis 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, Sturgis 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: Sturgis 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 Sturgis Bancorp pay dividends?
Sturgis 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 Sturgis Bancorp pay dividends?
The general pattern is that Sturgis Bancorp pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Sturgis Bancorp dividend safe?
The safety of Sturgis 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 Sturgis 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 Sturgis 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 Sturgis 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 Sturgis 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.