ChoiceOne Financial Announces Cash Dividend

Rhea-AI Summary

ChoiceOne Financial Services has declared a cash dividend of $0.22 per share on its common stock. Shareholders of record as of June 15, 2021 will receive the dividend, payable on June 30, 2021. This dividend matches the first quarter of 2021 and is $0.02 higher than the second quarter of 2020. ChoiceOne, headquartered in Sparta, Michigan, operates 34 bank offices in several counties and its stock trades under the symbol COFS.

Positive

• Declared a cash dividend of $0.22 per share, an increase from the previous year.
• Demonstrates consistent dividend policy with maintained payouts.

Negative

• None.

SPARTA, Mich., May 28, 2021 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.22 per share. The cash dividend is payable to shareholders of record as of June 15, 2021 and will be paid on June 30, 2021. The dividend declared for the second quarter of 2021 is equal to the dividend paid in the first quarter of 2021 and is $0.02 higher than the dividend paid in the second quarter of 2020.

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 34 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.

EDITORS NOTE: Media interviews with ChoiceOne executives are available by calling Tom Lampen at (616) 887-2337 or tlampen@choiceone.com. Electronic versions of bank official headshots are also available.

Contact:	Tom Lampen, ChoiceOne Bank
	(616) 887-2337
	tlampen@choiceone.com

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SOURCE ChoiceOne Financial Services, Inc.

FAQ

What is the dividend amount declared by COFS?

ChoiceOne Financial Services declared a dividend of $0.22 per share.

When is the dividend payable for COFS?

The dividend is payable on June 30, 2021.

What is the record date for the COFS dividend?

The record date for the dividend is June 15, 2021.

How does the current COFS dividend compare to previous dividends?

The current dividend of $0.22 is $0.02 higher than the second quarter dividend of 2020.

What is the stock symbol for ChoiceOne Financial Services?

The stock symbol for ChoiceOne Financial Services is COFS.