ChoiceOne Financial Announces Cash Dividend

Rhea-AI Summary

ChoiceOne Financial Services, Inc. declared a $0.25 cash dividend per share on its common stock. Shareholders of record by December 15, 2021 will receive the dividend on December 31, 2021. This amount matches the third quarter dividend and is $0.03 higher than the fourth quarter 2020 dividend. ChoiceOne Financial, based in Sparta, Michigan, operates 34 bank offices and offers various financial products.

Positive

• Cash dividend of $0.25 per share declared.
• Dividend is higher than the previous year's fourth quarter by $0.03.
• Consistent dividend payment reflecting company stability.

Negative

• None.

SPARTA, Mich., Dec. 1, 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 $0.25 per share.  The cash dividend is payable to shareholders of record as of December 15, 2021 and will be paid on December 31, 2021.  The dividend declared for the fourth quarter of 2021 is equal to the dividend paid in the third quarter of 2021 and $0.03 higher than the dividend paid in the fourth 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.

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SOURCE ChoiceOne Financial Services, Inc.

FAQ

When will the dividend for COFS be paid?

The dividend for COFS will be paid on December 31, 2021.

What is the dividend amount for ChoiceOne Financial Services in Q4 2021?

The dividend amount for Q4 2021 is $0.25 per share.

Who is eligible for the COFS dividend?

Shareholders of record as of December 15, 2021, are eligible for the COFS dividend.

How does the Q4 2021 dividend compare to previous dividends?

The Q4 2021 dividend is equal to the Q3 2021 dividend and $0.03 higher than the Q4 2020 dividend.