Southern Michigan Bancorp, Inc. Announces Increase in Quarterly Dividend

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COLDWATER, Mich., March 29, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) approved an increase to the quarterly cash dividend that will be paid in April 2023. The $0.14 per share dividend is an increase of $0.01 per share over the January 2023 cash dividend payment of $0.13 per share. The dividend is payable on April 21, 2023 to shareholders of record April 10, 2023. The annualized cash dividend of $0.56 per share represents a 3.01% dividend
 
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