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SOMC Southern Michigan Bancorp, Inc. — dividend yield, history & ex-dividend dates

Other OTC· Quarterly dividend· Common Stock · Financial Services / Banks - Regional

$31.49 ▲ $0.00(0.00%) as of Sep 14, 2026 03:06 UTC
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Southern Michigan Bancorp, Inc. serves as the bank holding company for Southern Michigan Bank & Trust, delivering a comprehensive array of commercial banking solutions. These services cater to individuals, businesses, institutions, and governmental agencies, predominantly within southwest Michigan communities. Its diverse deposit offerings encompass interest-bearing and non-interest checking accounts, various savings and money market accounts, time, savings, and demand deposits, as well as Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs). The company extends various lending solutions. For consumers, these include home mortgages, equity loans, home equity lines of credit (HELOCs), auto and personal loans, and both direct and indirect financing for residential property and consumer goods. Business clients can access lines of credit, term loans, commercial real estate, commercial and industrial loans, agriculture loans, letters of credit, Small Business Administration (SBA) loans, capital access loans, and specific financing for industrial, construction, real estate, and inventory needs. Additionally, the institution provides a suite of trust and investment services, such as investment management, trustee services, IRA rollovers, retirement plan administration, institutional and personal custody, estate settlement, wealth management, and advisory support for estate and wealth transfer planning and charitable giving. Safe deposit boxes and automated teller machines (ATMs) are also available. Furthermore, customers benefit from modern banking conveniences including online and mobile banking, bill payment, e-statements, Health Savings Accounts (HSAs), ACH services, wire transfers, remote deposit capture, insurance, and merchant services. The bank also issues ATM, debit, credit, and gift cards. Established in 1871 and headquartered in Coldwater, Michigan, Southern Michigan Bancorp, Inc. maintained 13 operational branches as of March 23, 2022, spread across Branch, Calhoun, Hillsdale, Kalamazoo, and St. Joseph Counties.

Dividend Snapshot

StatusGrowing
Latest Dividend$0.1700
Forward Annual$0.68
FrequencyQuarterly
Last Ex-DateJul 06, 2026
1-Yr Growth6.8%Annual totals, 2024–2025
10-Yr Growth7.3%Annual totals, 2015–2025

Key Metrics

Current Yield

2.16%

At the Sep 14, 2026 price

The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.

Annualized Dividend

$0.6800

The most recent payment scaled to a full year by how often it's paid. A $0.25 quarterly dividend annualizes to $1.00.

Frequency

Q Quarterly

How often the dividend is paid: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.

Rank Score

70.2

As of Sep 14, 2026

Our 0-100 house score blending yield quality, payout sustainability (the trailing-twelve-month payout ratio), profitability (TTM return on equity), valuation (TTM price-to-book) and payment reliability, recomputed daily. Higher means a stronger profile on those factors in our model — a research score, not advice or a recommendation to buy.

RSI (14)

58

As of Sep 14, 2026

Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.

52-Week Range

$23.40 – $32.00

Closes through Sep 11, 2026

The lowest and highest price over the past year — shows where today's price sits in its recent range.

Payout Ratio (TTM)

0.00%

12 months to Jun 30, 2026 (Q2 FY2026)

The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.

Years Paying

26

How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.

Price / Book (TTM)

1.17

Price as of Sep 14, 2026; latest reported book value

Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.

S.A.F.E. Dividend Read

S.A.F.E. is our quick durability read on a dividend — the same four-check test used across the screener and our ranked lists. Solid: a model rank of 70+ and a yield of 2%+; the rank weighs the trailing-twelve-month payout ratio, return on equity and price-to-book. Accelerating: the dividend has grown over time, not stalled. Flawless: an unbroken record with no cuts or suspensions. Enduring: a long enough paying history to weather a cycle. All four met earns the S.A.F.E. flag.
S Solid
Meets the Solid check — a strong overall profile (model rank 70/100, yield 2.16%).
A Accelerating
15 consecutive years of dividend increases.
F Flawless
A dividend cut or reduction appears in the record.
E Enduring
26 years of dividend payments on record.

Quote & Key Data

ExchangeOther OTCThe stock exchange where the shares trade, such as NYSE or Nasdaq.
Volume1,378Sep 11, 2026 sessionHow many shares changed hands in the latest session — a rough read on trading activity.
Open$31.49Sep 11, 2026 sessionThe price at the start of the latest trading session.
Day Range$31.49 – $31.49Sep 11, 2026 sessionThe lowest and highest price during the latest trading session.
Prev Close$31.49Close of Sep 10, 2026The closing price from the previous trading session.
Market Cap$141.92MAs of Sep 14, 2026The company's total market value — share price times shares outstanding — on the date shown.
Shares Out4.51MImplied by market cap, Sep 14, 2026Shares outstanding implied by the market cap and share price on the date shown.
EPS (TTM)$2.6412 months to Jun 30, 2026 (Q2 FY2026)Earnings per share over the trailing twelve months (TTM), labeled with the end date of the latest reported quarter and shown in the company's reporting currency. Dividends are paid out of these earnings.
P/E (TTM)11.9Price as of Sep 14, 2026; earnings to Jun 30, 2026Price-to-earnings ratio: the share price on the date shown divided by trailing-twelve-month earnings per share. A rough gauge of how richly the stock is valued.
Ex-DividendJul 06, 2026Buy before this date to receive the upcoming payment. Buy on or after it and the seller keeps that one.
Pay DateJul 17, 2026The date the dividend is actually paid into shareholders' accounts.

Dividend Growth

3-Yr Growth (CAGR)7.3%Annual totals, 2022–2025The dividend's average annual growth rate over the period, compounded. Steady growth signals a healthy, rising payout.
5-Yr Growth (CAGR)6.5%Annual totals, 2020–2025The dividend's average annual growth rate over the period, compounded. Steady growth signals a healthy, rising payout.
Consecutive Increases15 yrsAnnual totals through 2025The number of years in a row the dividend has increased — a track record of reliability.

Why the Yield Moved (90 Days)

SOMC's dividend yield fell from 2.19% to 2.16% over the past ~90 days (-0.03 pp). Of that move, +0.00 pp came from changes in the dividend rate and -0.03 pp from the share price ($31.00 on Jun 16, 2026 → $31.49 on Sep 14, 2026). A yield that rises because the price fell is not an improvement in the payout itself.

Yield vs Its Own History

Current2.16%
1-Yr Average2.46%
Low / High2.12% – 3.20%
Percentile9%

Across 326 daily observations over the past 15 months (through Sep 11, 2026), SOMC's current yield is higher than approximately 9% of them. Our stored price history for SOMC covers the past 15 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.

Adjusted Price History

Dividend History

Dividend Payment History

Ex-dividend calendar →
Amount Type Declared Ex-Date Record Pay
$0.1700 Q Regular Jun 23, 2026 Jul 06, 2026 Jul 06, 2026 Jul 17, 2026
$0.1700 Q Regular Mar 17, 2026 Apr 02, 2026 Apr 03, 2026 Apr 17, 2026
$0.1600 Q Regular Dec 16, 2025 Jan 09, 2026 Jan 09, 2026 Jan 23, 2026
$0.1600 Q Regular Sep 23, 2025 Oct 06, 2025 Oct 06, 2025 Oct 17, 2025
$0.1600 Q Regular Jun 24, 2025 Jul 07, 2025 Jul 07, 2025 Jul 18, 2025
$0.1600 Q Regular Mar 18, 2025 Apr 04, 2025 Apr 04, 2025 Apr 18, 2025
$0.1500 Q Regular Dec 17, 2024 Jan 10, 2025 Jan 10, 2025 Jan 24, 2025
$0.1500 Q Regular Sep 25, 2024 Oct 09, 2024 Oct 09, 2024 Oct 18, 2024
$0.1500 Q Regular Jun 25, 2024 Jul 08, 2024 Jul 08, 2024 Jul 19, 2024
$0.1500 Q Regular Mar 26, 2024 Apr 04, 2024 Apr 05, 2024 Apr 19, 2024
$0.1400 Q Regular Dec 19, 2023 Jan 04, 2024 Jan 05, 2024 Jan 19, 2024
$0.1400 Q Regular Sep 26, 2023 Oct 10, 2023 Oct 11, 2023 Oct 20, 2023
$0.1400 Q Regular Jun 28, 2023 Jul 13, 2023 Jul 14, 2023 Jul 28, 2023
$0.1400 Q Regular Mar 28, 2023 Apr 06, 2023 Apr 10, 2023 Apr 21, 2023
$0.1300 Q Regular Dec 21, 2022 Jan 05, 2023 Jan 06, 2023 Jan 20, 2023
$0.1300 Q Regular Sep 27, 2022 Oct 06, 2022 Oct 10, 2022 Oct 21, 2022
$0.1300 Q Regular Jun 28, 2022 Jul 14, 2022 Jul 15, 2022 Jul 29, 2022
$0.1300 Q Regular Mar 23, 2022 Apr 07, 2022 Apr 08, 2022 Apr 22, 2022
$0.1200 I Regular Dec 21, 2021 Jan 06, 2022 Jan 07, 2022 Jan 21, 2022
$0.1200 Q Regular Sep 28, 2021 Oct 07, 2021 Oct 11, 2021 Oct 22, 2021
$0.1200 Q Regular Jun 22, 2021 Jul 08, 2021 Jul 09, 2021 Jul 23, 2021
$0.2400 Q Regular Mar 23, 2021 Apr 08, 2021 Apr 09, 2021 Apr 23, 2021
$0.2300 Q Regular Dec 16, 2020 Jan 07, 2021 Jan 08, 2021 Jan 22, 2021
$0.2300 Q Regular Sep 22, 2020 Oct 08, 2020 Oct 09, 2020 Oct 23, 2020
$0.2300 Q Regular Jun 23, 2020 Jul 09, 2020 Jul 10, 2020 Jul 24, 2020
$0.2300 Q Regular Mar 24, 2020 Apr 08, 2020 Apr 10, 2020 Apr 24, 2020
$0.2300 Q Regular Dec 18, 2019 Jan 02, 2020 Jan 03, 2020 Jan 17, 2020
$0.2300 Q Regular Sep 24, 2019 Oct 10, 2019 Oct 11, 2019 Oct 25, 2019
$0.2300 Q Regular May 09, 2019 Jul 11, 2019 Jul 12, 2019 Jul 26, 2019
$0.2200 Q Regular Mar 27, 2019 Apr 11, 2019 Apr 12, 2019 Apr 26, 2019
$0.2200 Q Regular Dec 18, 2018 Jan 03, 2019 Jan 04, 2019 Jan 18, 2019
$0.2200 Q Regular Sep 25, 2018 Oct 11, 2018 Oct 12, 2018 Oct 26, 2018
$0.2200 Q Regular Jun 26, 2018 Jul 09, 2018 Jul 10, 2018 Jul 20, 2018
$0.2100 Q Regular Mar 20, 2018 Apr 05, 2018 Apr 06, 2018 Apr 20, 2018
$0.2100 Q Regular Dec 19, 2017 Jan 04, 2018 Jan 05, 2018 Jan 19, 2018
$0.2100 Q Regular Sep 18, 2017 Oct 05, 2017 Oct 06, 2017 Oct 20, 2017
$0.2100 Q Regular May 12, 2017 Jul 05, 2017 Jul 07, 2017 Jul 21, 2017
$0.2000 Q Regular Mar 21, 2017 Apr 05, 2017 Apr 07, 2017 Apr 21, 2017
$0.2000 Q Regular Dec 21, 2016 Jan 04, 2017 - Jan 20, 2017
$0.2000 Q Regular Sep 20, 2016 Oct 05, 2016 - Oct 21, 2016
$0.1800 Q Regular Jun 21, 2016 Jul 06, 2016 - Jul 22, 2016
$0.1800 Q Regular Mar 29, 2016 Apr 06, 2016 - Apr 22, 2016
$0.1600 Q Regular Dec 18, 2015 Jan 06, 2016 - Jan 22, 2016
$0.1600 Q Regular Sep 22, 2015 Oct 07, 2015 - Oct 23, 2015
$0.1600 Q Regular May 08, 2015 Jun 30, 2015 - Jul 17, 2015
$0.1500 Q Regular Mar 24, 2015 Apr 08, 2015 - Apr 24, 2015
$0.1500 Q Regular Dec 19, 2014 Jan 07, 2015 - Jan 23, 2015
$0.1500 Q Regular Sep 23, 2014 Oct 08, 2014 Oct 10, 2014 Oct 24, 2014
$0.1500 Q Regular May 08, 2014 Jul 01, 2014 Jul 03, 2014 Jul 18, 2014
$0.1300 Q Regular Mar 18, 2014 Apr 02, 2014 Apr 04, 2014 Apr 18, 2014
$0.1300 Q Regular Dec 20, 2013 Jan 08, 2014 Jan 10, 2014 Jan 24, 2014
$0.1300 Q Regular Sep 24, 2013 Oct 02, 2013 Oct 04, 2013 Oct 18, 2013
$0.1200 Q Regular Jun 18, 2013 Jul 02, 2013 Jul 05, 2013 Jul 19, 2013
$0.1200 Q Regular Mar 19, 2013 Apr 03, 2013 - Apr 19, 2013
$0.1200 Q Regular Dec 21, 2012 Jan 09, 2013 - Jan 25, 2013
$0.0900 Q Regular Sep 25, 2012 Oct 10, 2012 - Oct 26, 2012
$0.0900 Q Regular Jun 19, 2012 Jul 03, 2012 - Jul 20, 2012
$0.0700 Q Regular Mar 20, 2012 Apr 03, 2012 - Apr 20, 2012
$0.0700 Q Regular Dec 20, 2011 Jan 04, 2012 - Jan 20, 2012
$0.0500 Q Regular Sep 21, 2011 Oct 05, 2011 - Oct 21, 2011
$0.0500 Q Regular Jun 21, 2011 Jul 06, 2011 - Jul 22, 2011
$0.0500 Q Regular Mar 22, 2011 Apr 06, 2011 - Apr 22, 2011
$0.0500 Q Regular Dec 15, 2010 Jan 05, 2011 - Jan 21, 2011
$0.0500 Q Regular Sep 22, 2010 Oct 06, 2010 - Oct 22, 2010
$0.0500 Q Regular Jun 16, 2010 Jun 30, 2010 - Jul 16, 2010
$0.0500 Q Regular Mar 17, 2010 Mar 31, 2010 - Apr 16, 2010
$0.0500 Q Regular Dec 16, 2009 Dec 30, 2009 - Jan 15, 2010
$0.0500 Q Regular Sep 17, 2009 Sep 30, 2009 - Oct 16, 2009
$0.0500 Q Regular Jun 17, 2009 Jun 30, 2009 - Jul 17, 2009
$0.0500 Q Regular - Apr 01, 2009 - -
$0.2000 Q Regular - Dec 30, 2008 - -
$0.2000 Q Regular - Oct 01, 2008 - -
$0.2000 Q Regular - Jul 01, 2008 - -
$0.2000 Q Regular - Apr 02, 2008 - -
$0.2000 Q Regular - Jan 02, 2008 - -
$0.2000 Q Regular - Oct 03, 2007 - -
$0.2000 Q Regular - Jul 03, 2007 - -
$0.2000 Q Regular - Mar 29, 2007 - -
$0.2000 Q Regular - Jan 03, 2007 - -
$0.2000 Q Regular - Oct 04, 2006 - -
$0.2000 Q Regular - Jul 05, 2006 - -
$0.1800 Q Regular - Mar 30, 2006 - -
$0.1800 Q Regular - Jan 03, 2006 - -
$0.1800 Q Regular - Sep 29, 2005 - -
$0.1800 Q Regular - Jun 29, 2005 - -
$0.1700 Q Regular - Mar 31, 2005 - -
$0.1700 Q Regular - Dec 20, 2004 - -
$0.1700 Q Regular - Sep 30, 2004 - -
$0.1700 Q Regular - Jul 01, 2004 - -
$0.1600 Q Regular - Mar 29, 2004 - -
$0.1600 Q Regular - Dec 29, 2003 - -
$0.1600 Q Regular - Sep 26, 2003 - -
$0.1600 Q Regular - Jun 26, 2003 - -
$0.1600 Q Regular - Mar 26, 2003 - -
$0.1600 Q Regular - Dec 27, 2002 - -
$0.1600 Q Regular - Sep 25, 2002 - -
$0.1600 Q Regular - Jun 26, 2002 - -
$0.1600 Q Regular - Mar 26, 2002 - -
$0.1600 Q Regular - Dec 27, 2001 - -
$0.1500 Q Regular - Sep 26, 2001 - -
$0.1500 Q Regular - Jun 27, 2001 - -
$0.1500 Q Regular - Mar 28, 2001 - -
$0.1700 Q Regular - Dec 27, 2000 - -
$0.3570 Q Regular - Sep 27, 2000 - -
$0.3570 Q Regular - Jul 06, 2000 - -

Peer Comparison

Selected Banks - Regional dividend payers we cover, strongest DividendRank first — for context, not a recommendation.

TickerNameYield5-Yr GrowthStreakRank
LYBC Lyons Bancorp Inc. 3.31% 7.6% 19 yrs 82
CHBH Croghan Bancshares, Inc. 3.43% 3.4% 12 yrs 79
TRUX Truxton Corporation 3.40% 7.2% 12 yrs 77
ASB Associated Banc-Corp 3.20% 5.3% 14 yrs 76

Related Guides & Lists

SOMC dividend — frequently asked questions

Does Southern Michigan Bancorp, Inc. pay a dividend?

Yes. Southern Michigan Bancorp, Inc. (SOMC) currently pays a dividend. The annualized dividend is about $0.68 per share, a yield of approximately 2.16%.

What is Southern Michigan Bancorp, Inc.'s dividend yield?

Southern Michigan Bancorp, Inc.'s dividend yield is approximately 2.16%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.

How often does Southern Michigan Bancorp, Inc. pay dividends?

Southern Michigan Bancorp, Inc. pays dividends quarterly — 4 times per year.

How long has Southern Michigan Bancorp, Inc. paid dividends?

Southern Michigan Bancorp, Inc. has 26 years of dividend payments on record, and has increased its dividend for 15 consecutive years.

Data updated Sep 14, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.

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