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Sturgis Bancorp Inc Dividend Announcement

(OTCBB:STBI), www.sturgisbank.com

DIVIDEND ANNOUNCEMENT: Sturgis Bancorp Inc (OTCBB:STBI) on 10/17/2018 declared a dividend of $0.1500 per share

October 17, 2018

Sturgis Bancorp Inc (OTCBB:STBI) on 10/17/2018 declared a dividend of $ 0.1500 per share payable on December 14, 2018 to shareholders of record as of November 15, 2018. Dividend amount recorded is an increase of $ 0.01 from last dividend Paid.

Sturgis Bancorp Inc (OTCBB:STBI) has paid dividends since 1995, has a current dividend yield of 2.96% and has increased its dividends for 3 successive years.

Sturgis Bancorp Inc's market cap is $ 55,167,980 and has a PE ratio of 12.20. The stock price closed yesterday at $ 20.26 and has a 52 week low/high of $ 18.25 and $ 20.95.

Sturgis Bancorp is a financial holding company. Through its subsidiary, Sturgis Bank & Trust Company (the Bank), Co. operates in the southwestern portion of Michigan's Lower Peninsula. Co.'s services include accepting deposits, making commercial and mortgage loans, engaging in mortgage banking activities, and providing investment brokerage advisory services. Co.'s loan portfolio is concentrated in residential and commercial mortgage loans. The Bank's market area includes St. Joseph County and parts of Allegan, Branch, Calhoun, Cass, Hillsdale, Kalamazoo, and Van Buren Counties in Michigan. As of Dec 31 2016, Co. had total assets of $398.6 million and total deposits of $297.8 million.

For more information on Sturgis Bancorp Inc click here.

Sturgis Bancorp Inc current dividend information as per the date of this press release is:
Dividend Declaration Date: October 17, 2018
Dividend Ex Date: November 14, 2018
Dividend Record Date: November 15, 2018
Dividend Payment Date: December 14, 2018
Dividend Amount: $ 0.1500
 
 

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