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Sturgis Bancorp ups dividend by 2 cents for 2nd straight quarter

SturgisBancorp Inc. increased its quarterly dividend to 12 cents percommon share from 10cents per common share, which was disbursed June 15.

The latest dividend will be paid Sept. 15 to stockholders ofrecord Aug. 15.

The Sturgis, Mich.-based company paid out a dividendof 8 cents per share March15.