Sturgis Bancorp, Inc. (OTCMKTS:STBI) Plans $0.17 Quarterly Dividend

Sturgis Bancorp, Inc. (OTCMKTS:STBI) announced a quarterly dividend on Monday, January 27th,NASDAQ Dividends reports. Investors of record on Friday, February 14th will be given a dividend of 0.17 per share by the financial services provider on Friday, March 14th. This represents a $0.68 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Friday, February 14th.

Sturgis Bancorp Price Performance

Shares of STBI traded down $0.03 during trading hours on Tuesday, reaching $18.22. 3,000 shares of the company’s stock traded hands, compared to its average volume of 2,593. The firm has a market capitalization of $39.36 million, a price-to-earnings ratio of 75.92 and a beta of 0.42. The business’s fifty day simple moving average is $18.16 and its two-hundred day simple moving average is $17.47. Sturgis Bancorp has a twelve month low of $15.74 and a twelve month 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.