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Southern Michigan Bancorp declares 2.73% dividend yield.

BANKING AND CREDIT NEWS-March 27, 2015-Southern Michigan Bancorp declares 2.73% dividend yield

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Southern Michigan Bancorp, Inc. (OTCQB: SOMC) said it has declared a quarterly dividend of USD0.15 per share on the outstanding shares of the company's stock. The annualized cash dividend of USD0.60 per share represents a 2.73 percent dividend yield based on the current market price of USD22.00 per share.

The dividend is payable on April 24, 2015 to shareholders of record April 10, 2015.

Southern Michigan Bancorp, Inc. is a bank holding company headquartered in Coldwater, Michigan. Its subsidiary bank, Southern Michigan Bank & Trust, has 14 branches in four Michigan counties.

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Publication:M2 Banking & Credit News (BCN)
Geographic Code:1U3MI
Date:Mar 27, 2015
Words:127
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