COLDWATER, Mich., March 21, 2017 /PRNewswire/ -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly dividend of $0.20 per share on the outstanding shares of the corporation's stock. The dividend is payable on April 21, 2017 to shareholders of record April 7, 2017. During 2016, the Board of Directors approved two separate $0.02/share increases in the quarterly cash dividend, raising the quarterly dividend from $0.16/share to the current $0.20/share level.
Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust. It operates 15 branches within Branch, Calhoun, Hillsdale, Kalamazoo and St. Joseph Counties, providing a broad range of consumer, business and wealth management services throughout the region. For more information, please visit the Southern Michigan Bank & Trust website, www.smb-t.com.