ChoiceOne Financial Announces Cash Dividends

Rhea-AI Summary

ChoiceOne Financial Services has declared a cash dividend of $0.26 per share for its common stock. This dividend is payable to shareholders of record as of March 15, 2023, with payment set for March 31, 2023. Notably, this amount remains consistent with the fourth quarter of 2022 and represents a $0.01 increase from the first quarter of 2022. Headquartered in Sparta, Michigan, the company operates ChoiceOne Bank across various counties, providing financial services while remaining committed to shareholder value.

Positive

• Declared a cash dividend of $0.26 per share.
• Dividend payment is consistent with the previous quarter, demonstrating stability.
• Dividend amount is $0.01 higher than the same quarter last year, indicating growth.

Negative

• None.

News Market Reaction

-0.07%

1 alert

-0.07% News Effect

On the day this news was published, COFS declined 0.07%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

SPARTA, Mich., Feb. 22, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.26 per share.  The cash dividend is payable to shareholders of record as of March 15, 2023 and will be paid on March 31, 2023.  The dividend declared for the first quarter of 2023 is equal to the dividend paid in the fourth quarter of 2022 and $0.01 higher than the dividend paid in the first quarter of 2022.  

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 36 offices in parts of Kent, Lapeer, Macomb, Muskegon, Newaygo, Ottawa, and St. Clair Counties in 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.com.

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SOURCE ChoiceOne Financial Services, Inc.

FAQ

What is the dividend amount declared by ChoiceOne Financial Services?

ChoiceOne Financial Services declared a cash dividend of $0.26 per share.

When is the dividend payable for ChoiceOne Financial Services?

The dividend will be paid on March 31, 2023.

What are the record dates for the dividend from ChoiceOne Financial Services?

Shareholders of record as of March 15, 2023, will receive the dividend.

How does the current dividend compare to previous payments?

The current dividend of $0.26 per share is the same as the fourth quarter of 2022 and $0.01 higher than the first quarter of 2022.