CHOICEONE FINANCIAL ANNOUNCES CASH DIVIDENDS

Rhea-AI Summary

ChoiceOne Financial Services announced a cash dividend of $0.27 per share, payable on June 28, 2024, to shareholders of record as of June 14, 2024.

This dividend is consistent with the first quarter of 2024 and $0.01 higher than the second quarter of 2023.

ChoiceOne Financial operates 35 offices across multiple counties in Michigan and offers insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies.

The company's stock is traded on NASDAQ under the symbol 'COFS'.

Positive

• Cash dividend of $0.27 per share declared for the second quarter of 2024.
• Dividend payment date set for June 28, 2024.
• Dividend is $0.01 higher than the second quarter of 2023.
• Consistent dividend payout compared to the first quarter of 2024.
• ChoiceOne Financial operates 35 offices across multiple Michigan counties.

Negative

• No significant dividend increase compared to the first quarter of 2024.
• information on overall financial performance or growth strategies.

SPARTA, Mich., May 29, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.27 per share. The cash dividend is payable to shareholders of record as of June 14, 2024, and will be paid on June 28, 2024. The dividend declared for the second quarter of 2024 is equal to the dividend paid in the first quarter of 2024 and $0.01 higher than the dividend paid in the second quarter of 2023.

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.bank.

View original content to download multimedia:https://www.prnewswire.com/news-releases/choiceone-financial-announces-cash-dividends-302158425.html

SOURCE ChoiceOne Financial Services, Inc.

FAQ

What dividend did ChoiceOne Financial Services declare for the second quarter of 2024?

ChoiceOne Financial Services declared a cash dividend of $0.27 per share for the second quarter of 2024.

When is the dividend payment date for ChoiceOne Financial Services?

The dividend payment date is June 28, 2024.

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

The record date for the dividend is June 14, 2024.

How does the second quarter 2024 dividend compare to the first quarter 2024 dividend for COFS?

The second quarter 2024 dividend is equal to the first quarter 2024 dividend of $0.27 per share.

How does the second quarter 2024 dividend compare to the second quarter 2023 dividend for COFS?

The second quarter 2024 dividend is $0.01 higher than the second quarter 2023 dividend.

Where is ChoiceOne Financial Services headquartered?

ChoiceOne Financial Services is headquartered in Sparta, Michigan.

How many offices does ChoiceOne Bank operate?

ChoiceOne Bank operates 35 offices across multiple counties in Michigan.

On which stock exchange is ChoiceOne Financial Services listed?

ChoiceOne Financial Services is listed on the NASDAQ Capital Market under the symbol 'COFS'.