Southern Michigan Bancorp, Inc. Declares Cash Dividend
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Southern Michigan Bancorp, Inc. has declared a quarterly cash dividend of $0.15 per share, payable on January 24, 2025. This results in an annualized dividend yield of 3.08% based on the current market price.
December 18, 2024 | 1:00 pm
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Southern Michigan Bancorp, Inc. declared a quarterly dividend of $0.15 per share, resulting in a 3.08% annualized yield. The dividend is payable on January 24, 2025.
The declaration of a dividend is generally seen as a positive signal, indicating financial stability and a commitment to returning value to shareholders. This can lead to a short-term increase in stock price as investors may be attracted to the yield.
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IMPORTANCE 80
RELEVANCE 100