ChoiceOne Financial Announces Cash Dividend

Rhea-AI Summary

ChoiceOne Financial Services, Inc. has declared a cash dividend of $0.22 per share on its common stock. This dividend is payable to shareholders of record as of March 15, 2021, with a payment date set for March 31, 2021. Notably, the declared dividend matches the previous quarter but represents an increase of $0.02 over the same period in the prior year, highlighting the company's commitment to returning value to shareholders.

Positive

• Declared a cash dividend of $0.22 per share.
• Dividend payable on March 31, 2021, reflects shareholder value.
• Increased dividend by $0.02 compared to Q1 2020.

Negative

• None.

SPARTA, Mich., March 2, 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 March 15, 2021 and will be paid on March 31, 2021.  The dividend declared for the first quarter of 2021 is equal to the dividend paid in the fourth quarter of 2020 and is $0.02 higher than the dividend paid in the first 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.

 

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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 $0.22 per share.

When is the dividend payable for ChoiceOne Financial Services?

The dividend will be payable on March 31, 2021.

What is the record date for the dividend for ChoiceOne Financial Services?

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

How does the current dividend compare to previous dividends?

The current dividend of $0.22 is equal to the fourth quarter of 2020 and $0.02 higher than the first quarter of 2020.