SOMC Southern Michigan Bancorp, Inc. — dividend yield, history & ex-dividend dates
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
Key Metrics
Current Yield
2.16%
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
68.2
Our 0-100 house score blending yield, payout safety, growth and momentum. Higher means a stronger profile on those factors in our model — a research score, not advice or a recommendation to buy.RSI (14)
58
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
The lowest and highest price over the past year — shows where today's price sits in its recent range.Payout Ratio
23.81%
The share of GAAP earnings paid out as dividends. Lower leaves more cushion; above 100% means paying out more than the company earns. It shows n/a for BDCs, REITs and funds, which pay out of cash flow / net investment income rather than GAAP earnings, so this ratio doesn't apply.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
0.91
Price-to-book ratio: share price divided by 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
Quote & Key Data
Dividend Growth
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 → $31.49). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Across 326 daily observations over the past 15 months, 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.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| KFFB | Kentucky First Federal Bancorp | 3.53% | 0.0% | 0 yrs | 81 |
| ASB | Associated Banc-Corp | 3.20% | 5.3% | 14 yrs | 79 |
| FFBC | First Financial Bancorp. | 3.20% | 1.3% | 2 yrs | 78 |
| BBAR | Banco BBVA Argentina S.A. | 5.64% | -5.9% | 0 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 13, 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.