Southern Michigan Bancorp (Southern Michigan Bancorp) Dividend Payout Ratio : 0.56 (As of Dec. 2018)

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What is Southern Michigan Bancorp Dividend Payout Ratio?

Southern Michigan Bancorp's dividend payout ratio for the months ended in Dec. 2018 was 0.56.

The historical rank and industry rank for Southern Michigan Bancorp's Dividend Payout Ratio or its related term are showing as below:

SOMC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.25
Current: 0.25

During the past 13 years, the highest Dividend Payout Ratio of Southern Michigan Bancorp was 0.25. The lowest was 0.00. And the median was 0.00.

SOMC's Dividend Payout Ratio is not ranked
in the Banks industry.
Industry Median: 0.34 vs SOMC: 0.25

As of today (2024-04-24), the Dividend Yield % of Southern Michigan Bancorp is 3.35%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Southern Michigan Bancorp was 3.41%. The lowest was 0.00%. And the median was 0.00%.

Southern Michigan Bancorp's Dividends per Share for the months ended in Dec. 2018 was $0.22.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Southern Michigan Bancorp Dividend Payout Ratio Historical Data

The historical data trend for Southern Michigan Bancorp's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Southern Michigan Bancorp Dividend Payout Ratio Chart

Southern Michigan Bancorp Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dividend Payout Ratio

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0.21

0.31

0.30

0.36

0.25

Southern Michigan Bancorp Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Dividend Payout Ratio	Get a 7-Day Free Trial															0.66	0.27	-	0.22	0.56

Competitive Comparison of Southern Michigan Bancorp's Dividend Payout Ratio

For the Banks - Regional subindustry, Southern Michigan Bancorp's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Southern Michigan Bancorp's Dividend Payout Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Southern Michigan Bancorp's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Southern Michigan Bancorp's Dividend Payout Ratio falls into.

Southern Michigan Bancorp Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Southern Michigan Bancorp's Dividend Payout Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2018 )	/	EPS without NRI (A: Dec. 2018 )
	=	0.435	/	1.755
	=	0.25

Southern Michigan Bancorp's Dividend Payout Ratio for the quarter that ended in Dec. 2018 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2018 )	/	EPS without NRI (Q: Dec. 2018 )
	=	0.22	/	0.395
	=	0.56

Southern Michigan Bancorp (OTCPK:SOMC) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Southern Michigan Bancorp Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Southern Michigan Bancorp's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Southern Michigan Bancorp (Southern Michigan Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern Michigan Bancorp Inc (OTCPK:SOMC) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 West Pearl Street, Coldwater, MI, USA, 49036

Website

https://www.smb-t.com

Southern Michigan Bancorp Inc is a United States-based financial holding company. It is engaged in the business activity of the ownership and management of its wholly-owned subsidiary bank. The Bank offers individuals, businesses, institutions, and government agencies a full range of commercial banking services. The customer base is located primarily in the southwest Michigan communities in which the Bank has branches, and in areas immediately surrounding these communities. The Bank makes commercial and consumer loans to customers. The majority of loans are secured by business assets, commercial and residential real estate, and consumer assets. The bank operates in a single segment: commercial banking.

Southern Michigan Bancorp (Southern Michigan Bancorp) Headlines

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