Sturgis Bancorp, Inc. to Issue Quarterly Dividend of $0.17 (OTCMKTS:STBI)

Sturgis Bancorp, Inc. (OTCMKTS:STBI) announced a quarterly dividend on Monday, January 27th,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.17 per share by the financial services provider on Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Friday, February 14th.

Sturgis Bancorp Price Performance

Shares of OTCMKTS:STBI opened at $18.30 on Wednesday. The company has a market capitalization of $39.53 million, a PE ratio of 76.04 and a beta of 0.43. The business has a fifty day moving average price of $18.21 and a 200-day moving average price of $17.63. Sturgis Bancorp has a 1-year low of $15.74 and a 1-year high of $18.50.

About Sturgis Bancorp

Sturgis Bancorp, Inc operates as the bank holding company for Sturgis Bank & Trust Company that provides banking products and services in Michigan, the United States. The company offers checking, savings and health savings, and money market accounts; and certificates of deposit and individual retirement accounts.