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SOMC Projected Dividend Yield

Southern Michigan Bancorp Inc (United States) ( OTCBB : SOMC )

Southern Michigan Bancorp is a financial holding company. Through its subsidiary, Southern Michigan Bank & Trust (the Bank), Co. provides a range of banking services including commercial and consumer loans to its customers. Co. provides a range of deposit, payment, credit, and other financial services including time, savings, and demand deposits; safe deposit box services; and automated teller machine services. Commercial lending covers such categories as business, industrial, agricultural, construction, inventory, and real estate. Consumer lending covers direct and indirect loans to purchasers of residential real property and consumer goods. Co. also provides trust and investment services.

30 YEAR PERFORMANCE RESULTS
SOMC Dividend History Detail
SOMC Dividend News
SOMC Competitors News
# of Shares: 0 Closing Price: 16.81 Current Market Value: 0.00 Cost Basis: 0.00 Date Acquired:
Dividend Cash Flow
Year Annual Dividend Dividend Growth # of Shares Annual Dividend Income Yield On Cost %
2004 0.24 0% 0 $ 0.00 0.00%
2005 0.33 40% 0 $ 0.00 0.00%
2006 0.38 13% 0 $ 0.00 0.00%
2007 0.40 6% 0 $ 0.00 0.00%
2008 0.40 0% 0 $ 0.00 0.00%
2009 0.18 0% 0 $ 0.00 0.00%
2010 0.10 0% 0 $ 0.00 0.00%
2011 0.10 0% 0 $ 0.00 0.00%
2012 0.16 60% 0 $ 0.00 0.00%
2013 0.25 53% 0 $ 0.00 0.00%
2014 0.28 14% 0 $ 0.00 0.00%
2015 0.31 11% 0 $ 0.00 0.00%
2016 0.36 16% 0 $ 0.00 0.00%
2017 0.41 14% 0 $ 0.00 0.00%
2018 0.43 5% 0 $ 0.00 0.00%
2019 0.45 5% 0 $ 0.00 0.00%
2020 0.46 2% 0 $ 0.00 0.00%
2021 0.48 3% 0 $ 0.00 0.00%
2022 0.51 7% 0 $ 0.00 0.00%
2023 0.55 8% 0 $ 0.00 0.00%
2024 0.60 8% 0 $ 0.00 3.57%
2025 0.61 8% 0 $ 0.00 3.84%
2026 0.66 8% 0 $ 0.00 4.14%
2027 0.71 8% 0 $ 0.00 4.46%
2028 0.77 8% 0 $ 0.00 4.80%
2029 0.83 8% 0 $ 0.00 5.17%
2030 0.89 8% 0 $ 0.00 5.57%
2031 0.96 8% 0 $ 0.00 6.00%
2032 1.03 8% 0 $ 0.00 6.46%
2033 1.11 8% 0 $ 0.00 6.95%
2034 1.20 8% 0 $ 0.00 7.49%
Using the current years Dividend Growth rate of 8% and projecting 8% forward the annual dividend income in 10/yrs would be $ 0.00 with a yield on cost % of 7.49%
Rolling Last 4 qtrs dividends total $ 0.56 and Previous last 4 qtrs dividends total $ 0.52
Dividend 1 Yr Growth = ( 0.56 – 0.52 ) × 100 = 8% (Click the Edit pencil if you want to modify the forward dividend growth rate projection)
0.52
Year
Declaration Date
Ex-Dividend Date
Record Date
Payable Date
Dividend $ Amount
2024
Mar 26, 2024
Apr 04, 2024
Apr 05, 2024
Apr 19, 2024
0.1500
2024
Dec 19, 2023
Jan 04, 2024
Jan 05, 2024
Jan 19, 2024
0.1400
2024 Total:
0.2900
2023
Sep 26, 2023
Oct 10, 2023
Oct 11, 2023
Oct 20, 2023
0.1400
2023
Jun 28, 2023
Jul 13, 2023
Jul 14, 2023
Jul 28, 2023
0.1400
2023
Mar 28, 2023
Apr 06, 2023
Apr 10, 2023
Apr 21, 2023
0.1400
2023
Dec 21, 2022
Jan 05, 2023
Jan 06, 2023
Jan 20, 2023
0.1300
2023 Total:
0.5500
2022
Sep 27, 2022
Oct 06, 2022
Oct 10, 2022
Oct 21, 2022
0.1300
2022
Jun 29, 2022
Jul 14, 2022
Jul 15, 2022
Jul 29, 2022
0.1300
2022
Mar 23, 2022
Apr 07, 2022
Apr 08, 2022
Apr 22, 2022
0.1300
2022
Dec 22, 2021
Jan 06, 2022
Jan 07, 2022
Jan 21, 2022
0.1200
2022 Total:
0.5100
2021
Sep 28, 2021
Oct 07, 2021
Oct 11, 2021
Oct 22, 2021
0.1200
2021
Jun 23, 2021
Jul 08, 2021
Jul 09, 2021
Jul 23, 2021
0.1200
2021
Mar 23, 2021
Apr 08, 2021
Apr 09, 2021
Apr 23, 2021
0.1200
2021
Dec 15, 2020
Jan 07, 2021
Jan 08, 2021
Jan 22, 2021
0.1150
2021 Total:
0.4750
2020
Sep 22, 2020
Oct 08, 2020
Oct 09, 2020
Oct 23, 2020
0.1150
2020
Jun 24, 2020
Jul 09, 2020
Jul 10, 2020
Jul 24, 2020
0.1150
2020
Mar 24, 2020
Apr 08, 2020
Apr 10, 2020
Apr 24, 2020
0.1150
2020
Dec 18, 2019
Jan 03, 2020
Jan 06, 2020
Jan 20, 2020
0.1150
2020 Total:
0.4600
2019
Sep 25, 2019
Oct 10, 2019
Oct 11, 2019
Oct 25, 2019
0.1150
2019
May 09, 2019
Jul 11, 2019
Jul 12, 2019
Jul 26, 2019
0.1150
2019
Mar 27, 2019
Apr 11, 2019
Apr 12, 2019
Apr 26, 2019
0.1100
2019
Dec 19, 2018
Jan 03, 2019
Jan 04, 2019
Jan 18, 2019
0.1100
2019 Total:
0.4500
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