ChoiceOne Financial Announces Cash Dividend

Rhea-AI Summary

ChoiceOne Financial Services declared a cash dividend of $0.25 per share on its common stock. This cash dividend is payable on September 30, 2022 for shareholders of record as of September 15, 2022. The dividend remains consistent with the second quarter and third quarter dividends of 2021, showcasing the company’s stability in returning value to shareholders.

Positive

• Declared a cash dividend of $0.25 per share, reflecting consistent dividend policy.
• Dividend paid supports shareholder value and confidence in financial stability.

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• None.

SPARTA, Mich., Aug. 24, 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 $0.25 per share. The cash dividend is payable to shareholders of record as of September 15, 2022 and will be paid on September 30, 2022. The dividend declared for the third quarter of 2022 is equal to the dividend paid in the second quarter of 2022 and third 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 35 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 $0.25 per share.

When will the cash dividend be paid?

The cash dividend will be paid on September 30, 2022.

What is the record date for the dividend?

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

Is the dividend amount the same as in previous quarters?

Yes, the dividend amount is the same as in the second quarter of 2022 and the third quarter of 2021.

What is the ticker symbol for ChoiceOne Financial Services?

The ticker symbol for ChoiceOne Financial Services is COFS.