ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides community banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits, safe deposit, and automated transaction machine services. It also provides commercial loans, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers safe deposit and automated transaction machine services; and alternative investment products, including annuities and mutual funds, as well as sells insurance policies, such as life and health for commercial and consumer clients. It operates 32 full-service offices in Kent, Muskegon, Newaygo, and Ottawa, Lapeer, Macomb, and St. Clair counties, Michigan. The company also operates three loan production offices. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.
ChoiceOne Financial Services Dividend Announcement
• ChoiceOne Financial Services announced a quarterly dividend of $0.27 per ordinary share which will be made payable on 2024-09-30. Ex dividend date: 2024-09-13
• ChoiceOne Financial Services annual dividend for 2024 was $0.81
• ChoiceOne Financial Services annual dividend for 2023 was $1.05
• ChoiceOne Financial Services's trailing twelve-month (TTM) dividend yield is 4.14%
• ChoiceOne Financial Services's payout ratio for the trailing twelve months (TTM) is 32.50%
• ChoiceOne Financial Services's dividend growth over the last five years (2018-2023) was 8.10% year
• ChoiceOne Financial Services's dividend growth over the last ten years (2013-2023) was 7.92% year
ChoiceOne Financial Services Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-13 | $0.27 | quarterly | 2024-09-30 |
2024-06-14 | $0.27 | quarterly | 2024-06-28 |
2024-03-14 | $0.27 | quarterly | 2024-03-29 |
2023-12-14 | $0.27 | quarterly | 2023-12-29 |
2023-09-14 | $0.26 | quarterly | 2023-09-29 |
2023-06-14 | $0.26 | quarterly | 2023-06-30 |
2023-03-14 | $0.26 | quarterly | 2023-03-31 |
2022-12-14 | $0.26 | quarterly | 2022-12-30 |
2022-09-14 | $0.25 | quarterly | 2022-09-30 |
2022-06-14 | $0.25 | quarterly | 2022-06-30 |
2022-03-14 | $0.25 | quarterly | 2022-03-31 |
2021-12-14 | $0.25 | quarterly | 2021-12-31 |
2021-09-14 | $0.25 | quarterly | 2021-09-30 |
2021-06-14 | $0.22 | quarterly | 2021-06-30 |
2021-03-12 | $0.22 | quarterly | 2021-03-31 |
2020-12-14 | $0.22 | quarterly | 2020-12-31 |
2020-09-14 | $0.20 | quarterly | 2020-09-30 |
2020-06-12 | $0.20 | quarterly | 2020-06-30 |
2020-03-12 | $0.20 | quarterly | 2020-03-31 |
2019-12-12 | $0.20 | quarterly | 2019-12-31 |
2019-09-18 | $0.80 | quarterly | 2019-09-30 |
2019-06-13 | $0.20 | quarterly | 2019-06-28 |
2019-03-14 | $0.20 | quarterly | 2019-03-29 |
2018-12-13 | $0.18 | quarterly | 2018-12-31 |
2018-09-13 | $0.18 | quarterly | 2018-09-28 |
2018-06-14 | $0.18 | quarterly | 2018-06-29 |
2018-03-14 | $0.17 | quarterly | 2018-03-30 |
2017-12-14 | $0.16 | quarterly | 2017-12-29 |
2017-09-14 | $0.16 | quarterly | 2017-09-29 |
2017-06-13 | $0.16 | quarterly | 2017-06-30 |
2017-03-13 | $0.15 | quarterly | 2017-03-31 |
2016-12-13 | $0.15 | quarterly | 2016-12-30 |
2016-09-13 | $0.15 | quarterly | 2016-09-30 |
2016-06-13 | $0.15 | quarterly | 2016-06-30 |
2016-03-11 | $0.15 | quarterly | 2016-03-31 |
2015-12-11 | $0.15 | quarterly | 2015-12-31 |
2015-09-11 | $0.15 | quarterly | 2015-09-30 |
2015-06-11 | $0.15 | quarterly | 2015-06-30 |
2015-03-11 | $0.14 | quarterly | 2015-03-31 |
2014-12-11 | $0.14 | quarterly | 2014-12-31 |
2014-09-11 | $0.14 | quarterly | 2014-09-30 |
2014-06-11 | $0.14 | quarterly | 2014-06-30 |
2014-03-12 | $0.13 | quarterly | 2014-03-31 |
2013-12-11 | $0.13 | quarterly | 2013-12-31 |
2013-09-11 | $0.13 | quarterly | 2013-09-30 |
2013-06-12 | $0.12 | quarterly | 2013-06-28 |
2013-03-13 | $0.12 | quarterly | 2013-03-29 |
ChoiceOne Financial Services Dividend per year
ChoiceOne Financial Services Dividend growth
ChoiceOne Financial Services Dividend Yield
ChoiceOne Financial Services current trailing twelve-month (TTM) dividend yield is 4.14%. Interested in purchasing ChoiceOne Financial Services stock? Use our calculator to estimate your expected dividend yield:
ChoiceOne Financial Services Financial Ratios
ChoiceOne Financial Services Dividend FAQ
Other factors to consider when evaluating ChoiceOne Financial Services as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: ChoiceOne Financial Services's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, ChoiceOne Financial Services publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, ChoiceOne Financial Services distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from ChoiceOne Financial Services are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: ChoiceOne Financial Services sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, ChoiceOne Financial Services distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: ChoiceOne Financial Services declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of ChoiceOne Financial Services's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review ChoiceOne Financial Services's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.