ChoiceOne Financial Announces Cash Dividends

Rhea-AI Summary

ChoiceOne Financial Services (NASDAQ: COFS) has declared a quarterly cash dividend of $0.28 per share for the second quarter of 2025. The dividend will be paid on June 30, 2025, to shareholders of record as of June 13, 2025. This dividend maintains parity with Q1 2025's payment and represents a $0.01 increase compared to Q2 2024.

ChoiceOne Financial, headquartered in Sparta, Michigan, operates as the parent company of ChoiceOne Bank, which maintains 56 offices across West, Central, and Southeast Michigan. The company also provides insurance and investment services through its subsidiary, ChoiceOne Insurance Agencies.

Positive

• Dividend maintained at $0.28 per share, showing stability in shareholder returns
• Year-over-year dividend increase of $0.01 demonstrates commitment to growing shareholder value
• Wide regional presence with 56 offices across Michigan indicates strong market penetration

Negative

• None.

SPARTA, Mich., May 21, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.28 per share. The cash dividend is payable to shareholders of record as of June 13, 2025, and will be paid on June 30, 2025. The dividend declared for the second quarter of 2025 is equal to the dividend paid in the first quarter of 2025 and $0.01 higher than the dividend paid in the second quarter of 2024.

ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan and the parent corporation of ChoiceOne Bank, Member FDIC. ChoiceOne Bank operates 56 offices in West, Central, and Southeast Michigan. ChoiceOne Bank offers insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies, Inc. ChoiceOne Financial Services, Inc. common stock is quoted on the NASDAQ Capital Market under the symbol "COFS." For more information, please visit Investor Relations at ChoiceOne's website at www.choiceone.bank.

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SOURCE ChoiceOne Financial Services, Inc.

FAQ

What is the dividend amount for ChoiceOne Financial (COFS) in Q2 2025?

ChoiceOne Financial (COFS) declared a quarterly cash dividend of $0.28 per share for Q2 2025.

When will COFS pay its Q2 2025 dividend?

The dividend will be paid on June 30, 2025, to shareholders of record as of June 13, 2025.

How does COFS's Q2 2025 dividend compare to previous quarters?

The Q2 2025 dividend of $0.28 is equal to Q1 2025 and $0.01 higher than Q2 2024's dividend.

How many branches does ChoiceOne Bank operate?

ChoiceOne Bank operates 56 offices across West, Central, and Southeast Michigan.