ChoiceOne Financial Announces 4% increase in Cash Dividend

Rhea-AI Summary

ChoiceOne Financial Services declared a cash dividend of $0.26 per share, payable to shareholders of record by December 15, 2022, and distributed on December 30, 2022. This reflects a $0.01 increase compared to previous dividends in the third quarter of 2022 and the fourth quarter of 2021. The company, a financial holding firm based in Sparta, Michigan, operates ChoiceOne Bank, which has 36 locations across several counties in Michigan. The stock is listed on NASDAQ under the symbol COFS.

Positive

• Dividend increased by $0.01 compared to last year, indicating financial growth.
• Dividend payment on December 30, 2022, provides immediate income to shareholders.

Negative

• None.

SPARTA, Mich., Nov. 30, 2022 /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 December 15, 2022 and will be paid on December 30, 2022.  The dividend declared for the fourth quarter of 2022 is $0.01 higher than the dividend paid in the third quarter of 2022 and fourth quarter of 2021.  

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 dividend of $0.26 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on December 30, 2022.

What was the increase in the dividend compared to previous quarters?

The dividend is $0.01 higher than the dividends paid in the third quarter of 2022 and the fourth quarter of 2021.

What is the record date for the dividend?

The record date for the dividend is December 15, 2022.

Under what stock symbol is ChoiceOne Financial Services traded?

ChoiceOne Financial Services is traded under the symbol COFS on NASDAQ.