CHOICEONE FINANCIAL ANNOUNCES CASH DIVIDEND

Rhea-AI Summary

ChoiceOne Financial Services has declared a cash dividend of $0.25 per share, which is payable to shareholders on March 31, 2022. Shareholders must be on record by March 15, 2022 to qualify for this dividend. This payment is consistent with the previous quarter's dividend and reflects a $0.03 increase compared to the same period last year. The company, based in Sparta, Michigan, operates through its subsidiary, ChoiceOne Bank, and provides various financial services.

Positive

• Declared a cash dividend of $0.25 per share.
• Dividend represents an increase of $0.03 from Q1 2021.

Negative

• None.

SPARTA, Mich., Feb. 25, 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 March 15, 2022 and will be paid on March 31, 2022. The dividend declared for the first quarter of 2022 is equal to the dividend paid in the fourth quarter of 2021 and $0.03 higher than the dividend paid in the first 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?

ChoiceOne Financial declared a cash dividend of $0.25 per share.

When is the dividend payable to shareholders of COFS?

The dividend is payable on March 31, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is March 15, 2022.

How does the current dividend compare to previous dividends?

The current dividend is equal to the previous quarter's dividend and $0.03 higher than in Q1 2021.