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Southern Michigan Bancorp (SOMC) Dividend Yield, Date & History

Southern Michigan Bancorp logo
$19.25 0.00 (0.00%)
(As of 12/20/2024 ET)

Southern Michigan Bancorp Dividend Summary

Dividend Yield
3.12%
Annual Dividend
$0.60
Next
Dividend Payment
Jan. 24
Dividend Payout Ratio
26.67%

Southern Michigan Bancorp (SOMC) pays an annual dividend of $0.60 per share, with a dividend yield of 3.12%. The next payment of $0.15 per share is scheduled for Friday, January 24, to investors who own the stock before the ex-dividend date of Friday, January 10. The company currently pays out 26.67% of its earnings and 19.85% of its cash flow as dividends.

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SOMC Dividend Payments by Quarter

The chart below displays up to four years of Southern Michigan Bancorp's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

SOMC Dividend Yield Over Time

The chart below tracks Southern Michigan Bancorp's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Southern Michigan Bancorp vs. The Competition

Compare Southern Michigan Bancorp's annual dividend, yield, and 3-year growth rate with averages for Finance and OTCMKTS companies to evaluate its performance against the market.

TypeSouthern Michigan BancorpFinance CompaniesOTCMKTS Companies
Annual Dividend$0.60$0.02$27.34
Dividend Yield3.12%5.66%18.22%

Southern Michigan Bancorp Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings26.67%
Based on Cashflow19.85%

Southern Michigan Bancorp Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
12/17/2024quarterly$0.15 - 3.08%1/10/20251/10/20251/24/2025
9/25/2024Quarterly$0.15 - 3.47%10/9/202410/9/202410/18/2024
6/25/2024Quarterly$0.15 - 3.76%7/8/20247/8/20247/19/2024
3/26/2024Quarterly$0.15+$0.01
7.14%
3.6%4/4/20244/5/20244/19/2024
12/19/2023Quarterly$0.14 - 3.61%1/4/20241/5/20241/19/2024
9/26/2023Quarterly$0.14 - 3.25%10/10/202310/11/202310/20/2023
6/28/2023Quarterly$0.14 - 3%7/13/20237/14/20237/28/2023
3/31/2023$0.14+$0.01
7.69%
3.01%4/6/20234/7/20234/21/2023
12/30/2022$0.13 - 2.7%1/5/20231/6/20231/20/2023

This table shows Southern Michigan Bancorp's dividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Southern Michigan Bancorp Dividend - Frequently Asked Questions

The current dividend yield for Southern Michigan Bancorp is 3.12%. Learn more on SOMC's dividend yield history.

The annual dividend for SOMC shares is $0.60. Learn more on SOMC's annual dividend history.

Southern Michigan Bancorp pays quarterly dividends to shareholders.

Southern Michigan Bancorp's next quarterly dividend payment of $0.15 per share will be made to shareholders on Friday, January 24, 2025.

Southern Michigan Bancorp's most recent quarterly dividend payment of $0.15 per share was made to shareholders on Friday, October 18, 2024.

Southern Michigan Bancorp's next ex-dividend date is Friday, January 10, 2025.

Southern Michigan Bancorp's most recent ex-dividend date was Wednesday, October 9, 2024.

The most recent change in the company's dividend was an increase of $0.01 on Tuesday, March 26, 2024.

The dividend payout ratio for SOMC is:
  • 26.67% based on the trailing year of earnings
  • 19.85% based on cash flow

Southern Michigan Bancorp's dividend yield of 3.12% is lower than the average Finance company that issues a dividend. Southern Michigan Bancorp's dividend payout ratio of 26.67% is at a healthy, sustainable level, below 75% of its earnings.


This page (OTCMKTS:SOMC) was last updated on 12/22/2024 by MarketBeat.com Staff
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