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Sturgis Bancorp Declares 3 Cent Dividend

Posted on: Wed, 18 Nov 2009 04:02:00 EST

Symbols: STBI

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Nov 18, 2009 (FinancialWire via COMTEX) --
STBI | Quote | Chart | News | PowerRating -- (Comment on this article at http://www.financialwire.net/2009/11/18/sturgis-bancorp-declares-3-cent-dividend/)

November 18, 2009 (FinancialWire) -- Sturgis Bancorp, Inc.'s (OTCBB: STBI | Quote | Chart | News | PowerRating) board has declared a cash dividend of $0.03 per common share, payable December 15, 2009 to stockholders of record November 30, 2009.

The cash dividend has recently been reduced from prior quarters to reflect the decrease in earnings and maintain internal dividend payout guidelines, according to the company.

Michigan-based Sturgis Bancorp is the holding company for Sturgis Bank & Trust Co., and its subsidiaries Oakleaf Financial Services and Oak Mortgage. Sturgis Bancorp provides a range of trust, commercial and consumer-banking services from 12 banking centers in Sturgis, Bronson, Centreville, Climax, Coldwater, Colon, South Haven, Three Rivers and White Pigeon, Michigan.

Oakleaf Financial Services offers a range of investment and financial-advisory services. Oak Mortgage offers residential mortgages in all banking centers of the bank.

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Free annual reports, filings and conference call webcasts for companies mentioned in the news are available via Investrend Syndications (http://investrend.ar.wilink.com/?level=279). Tuesday's issued reports and/or recorded webcasts include Cavico Corp. (OTCBB: CVIC), Thornburg Ltd. Term Income Fund (NASDAQ: THIFX), Apache Corp. (NYSE: APA), Baytex Energy Trust (NYSE: BTE), Citizens, Inc. (NYSE: CIA), Scottish Oriental Smaller Companies Trust PLC (OTC: SCSHF) (London Stock Exchange: SOST), JPMorgan Elect Plc (London Stock Exchange: JPE) and Solitario Exploration & Royalty Corp. (AMEX: XPL).

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