SOMC is Southern Michigan Bancorp, Inc. (Financial Services). Trading at $29.99. Current dividend yield: 2.27%.
Dividend snapshot
| Annual dividend rate | $0.68 |
| Current yield | 2.27% |
| Payment frequency | Quarterly |
| Next ex-dividend date | Jul 02, 2026 |
| Most recent payment date | Apr 17, 2026 |
| Last payment amount | $0.1700 |
| 5-year dividend CAGR | 6.49% |
| 3-year dividend CAGR | 7.30% |
| Payout ratio | 25% |
| Market cap | $135M |
| Exchange | OID |
Recent dividend payments
| Date | Amount / share |
|---|---|
| 2026-04-02 | $0.1700 |
| 2026-01-09 | $0.1600 |
| 2025-10-06 | $0.1600 |
| 2025-07-07 | $0.1600 |
| 2025-04-04 | $0.1600 |
| 2025-01-10 | $0.1500 |
| 2024-10-09 | $0.1500 |
| 2024-07-08 | $0.1500 |
About SOMC
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 government agencies primarily in the southwest and south-central 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. The company also provides home mortgages and equity loans, home equity lines 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 plans, institutional and personal custody, estate settlement, wealth management, estate and wealth transfer planning assistance, charitable gift planning assistance, and cash management custody services, as well as safe deposit box and automated teller machine services. Further, the company provides treasury services, such as cash management, ACH services, business bill pay, e-statements, merchant services, payroll cards, positive pay, remote deposit capture, and wire transfers, as well as ATM, debit, credit, pay, prepaid, and gift cards; municipal, online, and mobile banking; life insurance; and bill payment and fraud protection services. The company was founded in 1871 and is based in Coldwater, Michigan.
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Data refreshed 2026-05-23. Not investment advice. Yields and prices change continuously; always verify the latest numbers in the live app before buying.