Southern Michigan Bancorp, Inc. : SOMC-US: Dividend Analysis : January 06th, 2017 (record date) : By the numbers : March 2, 2017

Our analysis is based on comparing Southern Michigan Bancorp, Inc. with the following peers – First US Bancshares, Inc., Union Bankshares, Inc., Washington Trust Bancorp, Inc., Heritage Oaks Bancorp, FNB Bancorp, Mercantile Bank Corporation, Shore Bancshares, Inc. and Capital City Bank Group, Inc. (FUSB-US, UNB-US, WASH-US, HEOP-US, FNBG-US, MBWM-US, SHBI-US and CCBG-US).

Southern Michigan Bancorp, Inc.’s dividend yield is 2.23 percent and its dividend payout is 29.92 percent. This compares to a peer median dividend yield of 1.68 percent and a payout level of 33.67 percent. This relatively higher dividend yield and lower payout ratio makes the company a good candidate for dividend investors looking at this peer group. The downside is the company’s relatively low dividend quality score of NA out of a possible score of 100.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

SOMC-US did not pay a cash dividend to the common stock over the last twelve months prior to December 31, 2016 or insufficient data about the dividends.

Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) 2.05 2.92 2.81 2.44 N/A 2.23
Dividend Payout (%) 0 0 0 0 N/A N/A

A complete list of metrics and analysis is available on the company page.

Company Profile

Southern Michigan Bancorp, Inc. operates as a bank holding company for Southern Michigan Bank & Trust. It offers deposit, payment, credit, and other financial services. IT includes time, savings, and demand deposits; safe deposit services; and automated teller machine services. It operates in single operating segment: commercial banking. The company was founded on March 1, 1982 and is headquartered in Coldwater, MI.


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