Sturgis Bancorp, Inc. (OTCMKTS:STBI) Plans $0.15 Quarterly Dividend
Sturgis Bancorp, Inc. (OTCMKTS:STBI) announced a quarterly dividend on Tuesday, July 16th, Zacks reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.15 per share by the financial services provider on Friday, September 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Wednesday, August 14th.
Shares of Sturgis Bancorp stock opened at $21.75 on Tuesday. The stock has a market capitalization of $45.86 million, a price-to-earnings ratio of 9.50 and a beta of 0.18. The firm’s 50-day moving average price is $21.97. Sturgis Bancorp has a twelve month low of $19.80 and a twelve month high of $32.20.
Sturgis Bancorp (OTCMKTS:STBI) last released its quarterly earnings results on Monday, July 15th. The financial services provider reported $0.62 EPS for the quarter. The company had revenue of $5.42 million during the quarter.
Sturgis Bancorp, Inc, a financial holding company, through its subsidiary, Sturgis Bank & Trust, provides banking products and services to individuals and businesses in the United States. The company offers checking, savings, money market, and sweep accounts; and certificates of deposit and individual retirement accounts.
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