CHOICEONE FINANCIAL ANNOUNCES CASH DIVIDENDS

Rhea-AI Summary

ChoiceOne Financial Services (NASDAQ: COFS) has declared a quarterly cash dividend of $0.28 per share, payable on December 31, 2024, to shareholders of record as of December 13, 2024. This represents a $0.01 increase from both the previous quarter and the same quarter last year.

The company operates through ChoiceOne Bank with 36 offices across various Michigan counties, including Kent, Lapeer, Macomb, Muskegon, Newaygo, Ottawa, and St. Clair. Additionally, it provides insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies.

Positive

• Dividend increased by $0.01 compared to previous quarter
• Dividend increased by $0.01 year-over-year
• Consistent dividend payment demonstrates financial stability

Negative

• None.

News Market Reaction – COFS

+1.64%

+1.64% Session move

In the trading session that priced this news, COFS gained 1.64%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SPARTA, Mich., Dec. 4, 2024 /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 December 13, 2024, and will be paid on December 31, 2024. The dividend declared for the fourth quarter of 2024 is $0.01 higher than the dividend paid in the third quarter of 2024 and fourth quarter of 2023.

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.bank.

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SOURCE ChoiceOne Financial Services, Inc.

FAQ

What is ChoiceOne Financial's (COFS) latest dividend amount for Q4 2024?

ChoiceOne Financial declared a cash dividend of $0.28 per share for Q4 2024.

When is the payment date for ChoiceOne Financial's (COFS) Q4 2024 dividend?

The dividend will be paid on December 31, 2024, to shareholders of record as of December 13, 2024.

How much did ChoiceOne Financial (COFS) increase its dividend in Q4 2024?

ChoiceOne Financial increased its dividend by $0.01 compared to both Q3 2024 and Q4 2023.

How many branch offices does ChoiceOne Financial (COFS) operate in Michigan?

ChoiceOne Financial operates 36 offices across various Michigan counties through its ChoiceOne Bank subsidiary.