SOMCOTC Markets OTCID
Southern Michigan Bancorp, Inc.
$31.00
ListedApr 26, 1999
SectorFinancial Services
IndustryBanks — Regional
CountryUnited States
Employees258
StateMI| CityColdwater| Address51 West Pearl Street| Phone517 279 5500
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.

Key Indicators

Key financial and dividend metrics for this stock.

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P/E Ratio
9.6
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Div. Rate
$0.68
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Div. Yield
2.27%
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Payout Ratio
24.79%
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Max Consec. Div. Years
26 years
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Longest Consec. Div.
26 years
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Div. Coverage
100%
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Div. Stability Rate
0.20
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Div. Growth Rate
75.00%
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Score
89

Dividend History

Historical dividend payments by ex-dividend date.

Apr 2, 2026
$ 0.1700
Jan 9, 2026
$ 0.1600
Oct 6, 2025
$ 0.1600
Jul 7, 2025
$ 0.1600
Apr 4, 2025
$ 0.1500
Jan 10, 2025
$ 0.1500
Oct 9, 2024
$ 0.1500
Jul 8, 2024
$ 0.1500
Apr 4, 2024
$ 0.1500
Jan 4, 2024
$ 0.1400
Oct 10, 2023
$ 0.1400
Jul 13, 2023
$ 0.1400
Apr 6, 2023
$ 0.1400
Jan 5, 2023
$ 0.1300
Oct 6, 2022
$ 0.1300
Jul 14, 2022
$ 0.1300
Apr 7, 2022
$ 0.1300
Jan 6, 2022
$ 0.1200
Oct 8, 2021
$ 0.1200
Oct 7, 2021
$ 0.1200
Jul 8, 2021
$ 0.1200
Apr 8, 2021
$ 0.2400
Jan 7, 2021
$ 0.2300
Oct 8, 2020
$ 0.2300
Jul 9, 2020
$ 0.2300
Apr 8, 2020
$ 0.2300
Jan 2, 2020
$ 0.2300
Oct 10, 2019
$ 0.2300
Jul 11, 2019
$ 0.1150
Apr 11, 2019
$ 0.1100
Jan 3, 2019
$ 0.1100
Oct 11, 2018
$ 0.1100
Jul 9, 2018
$ 0.1100
Apr 5, 2018
$ 0.1050
Jan 4, 2018
$ 0.1050
Oct 5, 2017
$ 0.1050
Jul 5, 2017
$ 0.1050
Apr 5, 2017
$ 0.1000
Jan 4, 2017
$ 0.1000
Oct 5, 2016
$ 0.1000
Jul 6, 2016
$ 0.0900
Apr 6, 2016
$ 0.0900
Jan 6, 2016
$ 0.0800
Oct 7, 2015
$ 0.0800
Jun 30, 2015
$ 0.0800
Apr 8, 2015
$ 0.0750
Jan 7, 2015
$ 0.0750
Oct 8, 2014
$ 0.0750
Jul 1, 2014
$ 0.0750
Apr 2, 2014
$ 0.0650
Jan 8, 2014
$ 0.0650
Oct 2, 2013
$ 0.0650
Jul 2, 2013
$ 0.0600
Apr 3, 2013
$ 0.0600
Jan 9, 2013
$ 0.0600
Oct 10, 2012
$ 0.0450
Jul 3, 2012
$ 0.0450
Apr 3, 2012
$ 0.0350
Jan 4, 2012
$ 0.0350
Oct 5, 2011
$ 0.0250
Jul 6, 2011
$ 0.0250
Apr 6, 2011
$ 0.0250
Jan 5, 2011
$ 0.0250
Oct 6, 2010
$ 0.0250
Jun 30, 2010
$ 0.0250
Mar 31, 2010
$ 0.0250
Dec 30, 2009
$ 0.0250
Sep 30, 2009
$ 0.0250
Jun 30, 2009
$ 0.0250
Apr 1, 2009
$ 0.0250
Dec 30, 2008
$ 0.1000
Oct 1, 2008
$ 0.1000
Jul 1, 2008
$ 0.1000
Apr 2, 2008
$ 0.1000
Jan 2, 2008
$ 0.1000
Oct 3, 2007
$ 0.1000
Jul 3, 2007
$ 0.1000
Mar 29, 2007
$ 0.1000
Jan 3, 2007
$ 0.1000
Oct 4, 2006
$ 0.1000
Jul 5, 2006
$ 0.1000
Mar 30, 2006
$ 0.0900
Jan 3, 2006
$ 0.0857
Sep 29, 2005
$ 0.0857
Jun 29, 2005
$ 0.0857
Mar 31, 2005
$ 0.0810
Dec 20, 2004
$ 0.0810
Sep 30, 2004
$ 0.0810
Jul 1, 2004
$ 0.0810
Mar 29, 2004
$ 0.0762
Dec 29, 2003
$ 0.0762
Sep 26, 2003
$ 0.0762
Jun 26, 2003
$ 0.0762
Mar 26, 2003
$ 0.0762
Dec 27, 2002
$ 0.0762
Sep 25, 2002
$ 0.0762
Jun 26, 2002
$ 0.0762
Mar 26, 2002
$ 0.0762
Dec 27, 2001
$ 0.0762
Sep 26, 2001
$ 0.0714
Jun 27, 2001
$ 0.0714
Mar 28, 2001
$ 0.0714
Dec 27, 2000
$ 0.0810

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