ChoiceOne Financial Announces Cash Dividend

Rhea-AI Summary

ChoiceOne Financial Services has declared a cash dividend of $0.20 per share on its common stock, payable on September 30, 2020 to shareholders of record as of September 15, 2020. This dividend matches the amounts paid in the previous two quarters of 2020 and the same quarter of 2019, reflecting consistent shareholder returns. The company operates several bank branches across Michigan and offers various financial services through its subsidiaries. The stock is listed on NASDAQ under the symbol COFS.

Positive

• Dividend of $0.20 per share reflects consistent shareholder returns.
• Dividend matches amounts paid in prior quarters, showing stability.

Negative

• None.

SPARTA, Mich., Sept. 2, 2020 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.20 per share.  The cash dividend is payable to shareholders of record as of September 15, 2020 and will be paid on September 30, 2020.  The dividend declared for the third quarter of 2020 is equal to the dividend paid in the first two quarters of 2020 and the dividend paid in the third quarter of 2019.

ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan and the parent corporation of ChoiceOne Bank and Community Shores Bank, Members FDIC.  ChoiceOne Bank operates 29 offices in parts of Kent, Lapeer, Macomb, Muskegon, Newaygo, Ottawa, and St. Clair Counties in Michigan.  Community Shores Bank operates 4 offices in Muskegon and Ottawa 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 $0.20 per share.

When is the dividend payment date for COFS?

The dividend will be paid on September 30, 2020.

Who is eligible to receive the dividend from ChoiceOne Financial Services?

Shareholders of record as of September 15, 2020, are eligible to receive the dividend.

Has ChoiceOne Financial Services maintained its dividend payments?

Yes, the current dividend is consistent with the amounts paid in earlier quarters of 2020 and 2019.